Twitter competes with Microsoft to buy Tik Tok

Twitter competes with Microsoft to buy Tik Tok 

Two sources familiar with the matter told Reuters that Twitter has approached Chinese video-sharing app ByteDance to express its interest in acquiring TikTok's US operations, at a time when experts raised doubts about Twitter's ability to fund any potential deal.

The two sources strongly questioned Twitter's ability to outperform Microsoft and complete such a transformative deal, within the 45-day deadline given by US President Donald Trump to ByteDance to approve the sale.

The Wall Street Journal was the first to report that Twitter and TikTok are in preliminary talks and that Microsoft remains the top potential buyer of the app's US operations.

According to the sources, the market value of Twitter is close to 30 billion dollars, and it will need to raise additional capital to finance the deal.

One of the sources explained that "Silver Lake Private Company, a shareholder in Twitter, has expressed an interest in helping fund the potential transaction."

The app has come under fire from US lawmakers over national security concerns over data collection.

What is the fate of the “Tik Tok” application in the United States, is it banned or is it owned by “Microsoft?”