Microsoft itself is a tech giant that has a history of the billion-dollar acquisition of enormous companies like LinkedIn, Skype, Nokia, Mojang, and a lot more. But, recently, a rumor came in that Microsoft seems interested in acquiring TikTok in the U.S. On Sunday, these rumors became an official and confirmed news by the Redmond-based company. Microsoft suggested exploring the purchase of TikTok; however, all the discussions would be completed before September 15th with TikTok’s parent owner i.e., ByteDance.
The deal which is possible to settle will involve the countries, including the United States, Australia, New Zealand, and Canada. The deal would result in the prevention of banning one of the most popular social media applications due to national security issues. The drastic rise in the popularity and use of TikTok has faced a massive setback due to its security concerns and ties with China.
President Trump has already announced to ban the famous app in the U.S., but the decision has been put on hold for 45 days due to an ongoing conversation with the Satya Nadella, CEO of Microsoft. The company promises to keep the user experience the same with additional top-notch privacy, security, and digital safety protection.
TikTok is valued somewhere between $30 to $50 million, which will be Microsoft’s biggest yet most expensive acquisition till date. The chart below shows the giant companies ranging from hardware to video games that have been acquainted by Microsoft over the past two decades.
Check the article by Winbuzzer.com for a piece of detailed information on the news.
Infographic by: Statista.com