The Courier-Mail

Twitter makes bold bid for TikTok

- Politics · Twitter · TikTok · London · Microsoft · The Wall · ByteDance · Donald Trump · Communist Party of China · United States of America · U.S. government · Canada · Australia · New Zealand

LON­DON: Twitter has made an au­da­cious bid to gate­crash Mi­crosoft’s talks to buy TikTok with a plan to ac­quire the Chinese videoshar­ing app’s US op­er­a­tions.

The mi­cro-blog­ging net­work held pre­lim­i­nary talks with TikTok, al­though it is re­garded as a long­shot to se­cure a deal given its mar­ket cap­i­tal­i­sa­tion of $29bn ($40.5bn) is dwarfed by Mi­crosoft’s dol­lars $1.6 tril­lion value. Twitter’s in­ter­est was first re­ported in The Wall Street Jour­nal.

TikTok, owned by Bei­jing­based ByteDance, has been de­clared a national se­cu­rity threat by Don­ald Trump over its Chinese own­er­ship.

Mr Trump has said it must find a buyer for its US op­er­a­tions within a month or face a ban. He said the app could “al­low the Chinese Com­mu­nist Party ac­cess to Amer­i­cans’ per­sonal and pro­pri­etary in­for­ma­tion”.

TikTok, whose video-shar­ing app is a hit with teenagers around the world, re­acted with fury and vowed to chal­lenge the US gov­ern­ment in court. A fed­eral law­suit is ex­pected to be filed as soon as Tues­day.

A week ago, Mi­crosoft con­firmed it had been in talks to buy TikTok’s op­er­a­tions in the US, Canada, Aus­tralia and New Zealand.

A deal to buy TikTok’s US op­er­a­tions is tipped to cost as much as $30bn.

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