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Microsoft Confirmed Plans to Purchase TikTok

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After TikTok ban in INDIA, it has to face a substantial financial loss, and now US President Donald Trump said that he would ban TikTok in his country, TikTok got in the sock. Taking that chance, Microsoft confirmed that it has plans to purchase TikTok.

Bloomberg was earlier reporting it, for national security issues the US President force Bytedance to sign an order to sell off the US-arm of TikTok to an American company.

Microsoft said in a statement that it has plans to seal the deal with TikTok’s parent company, Bytedance by September 15 after discussing with President Trump.

However, now that Microsoft itself has confirmed and said in a blog post that they discussed with US President Donald Trump about acquiring TikTok and appreciates the importance of addressing the President’s concern about the security issue.

Microsoft also says they committed to acquiring TikTok for a complete security review and providing proper economic benefits to the United States, as well as the United States Treasury.

Microsoft plans to take over the US-arm of TikTok by September 15, 2020, and there won’t be any changes in other countries. If Microsoft takes it will operate the short video platform in countries including the United States, Canada, Australia, and New Zealand said in a blog post.

Microsoft may invite other American investors to participate on a minority basis in this purchase of the TikTok service in the United States.

While TikTok was accused of sharing users’ data with China, Microsoft ensured that American TikTok user data would not be shared with any countries, and everything would remain in America.

If by any chance it seems data is going outside of the country, Microsoft will make sure that information is deleted from the servers. Microsoft ensures complete transparency to users and the governments as well. It promises to acknowledge all the security and privacy concerns, and it also plans to add world-class security, privacy, and digital safety protections.

These discussions are preliminary until there is an outcome Microsoft doesn’t intend to provide any other update about its conversation with Bytedance said by the company.

Article written by SOMANATH SAHU

Image Source: Google

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