Microsoft In Talks To Acquire TikTok’s India Business
Microsoft is reportedly looking to acquire all of TikTok’s global businesses, including its India and Europe entities. The news comes just a few days after Microsoft confirmed that it is exploring discussions with ByteDance for acquiring TikTok’s United States, Canada, Australia, and New Zealand businesses. Microsoft had said that it would be completing these discussions by September 15, 2020.
Microsoft is currently pursuing discussions for acquiring businesses for all the countries where TikTok operates in. Citing a source close to ByteDance in India stated, “There was a “deal in the works’ with Microsoft for TikTok India but that if it fell through, ByteDance could sell TikTok India either to foreign investors or Indian buyers. ByteDance would then license its technology to the company and share revenue.”