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Microsoft To Seek To Buy All TikTok's Global Business: FT

US PRESS

FT reporting that Microsoft is seeking to buy all of Chinese social media platform's global business, including its operations in Europe and India. This would not include TikTok's Chinese equivalent Douyin.

  • Comes after news at the weekend that the US tech giant was seeking to buy the North America and Australasian arms of the platform, owned by Chinese firm ByteDance.
  • The platform has become part of a geopolitical war of words between the US and China, with US President Donald Trump saying whoever purchased the platform would have to pay a 'substantial' sum to the Treasury.
  • The UK is also involved, with ByteDance looking to move their HQ to London, something that could be scuppered by a Microsoft buyout.
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