Because the Trump administration has been aware of its attack on TikTok in recent weeks, citing national security risks, the acquisition of TikTok’s U.S. operations by a U.S. company – probably Microsoft – has been portrayed as the only option for a ban. to prevent.
However, the South China Morning Post reports that purchase deals for TikTok’s US operations are “unlikely” to end in a deal, and supports the idea that ByteDance is not ready to give up its monstrous US audience without a fight.
Microsoft’s expected acquisition of TikTok’s operations in the US, Canada, New Zealand, and China is estimated at between $ 10 billion and $ 30 billion. But SCMP reports that the chance of success of the Microsoft ByteDance deal “did not exceed 20 percent”, according to a source who said that Microsoft’s first purchase offer was “robbing the owner as his home to the fire is. “
NPR reported over the weekend that TikTok intends to prosecute the Trump administration over its executive order to ban “all transactions” between Americans and ByteDance – which raises vital questions about the legality and violations of rights on First Amendment – allegations that the company was not given “an opportunity to respond.” The lawsuit, which could be filed Tuesday, is the most concrete step ByteDance has taken to date to show that it has no plans to adhere to the Trump administration’s guidelines.
In China, ByteDance and CEO Zhang Yiming have been criticized for too easily surrendering to Trump by voting to hold talks with U.S. companies about taking over U.S. operations from TikTok. To employees, Zhang defended the move as a “legal process” ByteDance had to follow.
Under Trump’s executive order, ByteDance has less than 45 days to find a buyer. Since it was first reported in July that Trump intended to take action against TikTok, Microsoft has emerged as the frontrunner. Over the weekend, the Wall Street Journal reported that Twitter was in “preliminary” talks about getting TikTok into the US.
