‘TIKTOK A POISONED CHALICE’

Bill Gates highlights challenges in Microsoft’s deal to acquire the Chinese app

As Microsoft pursues talks to purchase the US business of TikTok, Bill Gates has termed the potential deal between the two companies a poisoned chalice.

In an interview with the Wired, published on Saturday, the Microsoft co-founder said that being a top player in the social media business is not a simple job.

"Who knows what's going to happen with that deal. But yes, it's a poison chalice," the billionaire philanthropist was quoted as saying in the interview.

When asked if he is wary of Microsoft getting into the social media game, Gates suggested that the software giant's entry will give Facebook more competition which is "probably a good thing."

Reacting to a question on US President Donald Trump's demand that that the country should get a large percentage of the proceeds if part of the short video-sharing platform TikTok's business is bought by an American firm, Gates said that the way things were proceeding were quite strange and the cut thing is "doubly strange”.

"Anyway, Microsoft will have to deal with all of that," he was quoted as saying.

Trump earlier set a deadline around September 15 for Microsoft to close the deal with TikTok that it was pursuing.

The US President followed it up with an executive order on August 6, prohibiting American companiesfrom indulging in business transactions with the Chinese firm after September 20.

Who knows what's going to happen with that deal. But yes, it's a poison chalice —MICROSOFT CO-FOUNDER BILL GATES

Meanwhile, popular micro-blogging app Twitter discussed a "potential combination" with TikTok, a new report has claimed.

According to a Wall Street Journal report citing people familiar with the matter, "Twitter Inc. has had preliminary talks about a potential combination with TikTok".

"It is unclear whether Twitter will pursue a deal with TikTok," the report claimed on Saturday.