The Chinese Communist Party has routinely undermined U.S. companies in their country, and it’s time to return the favor. And separating out the code of TikTok from Douyin, the Chinese app it was based on, could be another challenge that may extend the timeline.For Microsoft, therefore, TikTok, may prove an awkward fit.On Saturday, the Wall Street Journal reported that Twitter was in preliminary discussions with Bytedance to buy TikTok. And so while TikTok’s news coverage saw the platform blend in with all its high-profile western competitors, it was very different. It only has a market capitalisation of $30bn compared to Microsoft’s $1.6tn, meaning it would likely need the support of other investors to complete the deal.But while Microsoft is still seen as the frontrunner, Twitter’s reported intervention could be a better fit.“The idea Microsoft would buy wholesale this huge, risky social media service is madness,” says one technology sector advisor.
The two funds would be able to at least partially fund the deal for TikTok's US business.“Sequoia's pedigree is second to none; they could show they were early investors in companies like Apple, Paypal and Google,” says Mirabaud’s Campling. The American-founded, short-form video app was used at the height of its popularity by more than 200 million people, letting them create seven second looping videos featuring music and comedy. And it is not the only player among the runners and riders for TikTok. With a deadline of 20 September to get a deal done, any gatecrashers had better act now. TikTok deal latest: Chinese video app on verge of major sale in the US TIKTOK could finally be safe in the US as sources claim the popular Chinese … TikTok, owned by Chinese technology giant Bytedance, has exploded in popularity with 800m users globally, the vast majority of which are teens flocking to … Two of the biggest investors inSequoia, which first invested in Bytedance in 2014, holds a 10pc stake in the company. Last week, President Donald Trump announced a US ban on TikTok would kick in on September 15 unless Microsoft or "somebody else" bought it. Facebook catches Russian trolls targeting Corbyn supporters As the trend builds momentum, Dang and Rose hope to keep seeing Chinese street-style flair pop up on the app. Before there was TikTok, there was Vine. Flying taxis and electric planes: a new generation of aircraft get ready for take off We will use your email address only for sending you newsletters. His comments come …
Please review our Could this scrutiny derail its international growth entirely, and just how much are they prepared to pay?“There could actually be several [TikTok rivals],” says one source familiar with Bytedance. General Atlantic, meanwhile, recently raised a $3.3bn fund. “A TikTok-equivalent is being created by Instagram. Its old messaging apps, such as Windows Live Messenger, have been shut down.While it still has a substantial gaming business with Xbox and Minecraft, many investors see Microsoft’s bread and butter to be enterprise computing, cloud and its Office products. “Twitter will only produce, I estimate, around $200m of free cash flow which is tiny in the grand scheme of things.”Twitter does, however, have some deep pocketed investors. Silver Lake, the private equity fund, invested $1bn in it earlier this year. It recently raised a record $8bn flagship fund to invest in technology start-ups. newspaper archive.It has been claimed a buyer for the video app has been found US retail giant Walmart have teamed up with Microsoft for a joint bid (Image: Michael Brochstein / SOPA Images / LightRocket / Getty)Donald Trump announced a TikTok ban early in August, citing national security concerns Microsoft has been called the frontrunner in negotiations TikTok BOMBSHELL: Donald Trump to be sued by Chinese video app TikTok deal under threat from China over worrying new rules
Its deal to buy Skype, the online video chat service, for $8.5bn in 2011 was widely seen as a disaster.However, buying TikTok would be in line with Microsoft's stance toward China where the firm has a sizeable presence - unlike fellow US tech heavyweights such as Facebook and Alphabet's Google which appear to have given up on China's consumer-facing market with its miscellany of government strictures.From a technical standpoint actually completing the deal could be hugely complex. Possibly another by Snapchat. “It would take a considerable amount of debt or it may well require another company to work alongside it,” he says. Activist shareholder Elliott Management, meanwhile, also has a stake.Finally, there are several financial firms and investors waiting in the wings who could get involved in any plans to separate TikTok’s US entity, if the rescue deal meant it could continue its operations. Microsoft and TikTok are hoping to agree a deal by September 15, but it remains unclear whether this will only be for TikTok’s US, Canadian, Australian and New Zealand arms, or whether it could step up to buy its full Western business. The U.S. is "looking at" banning TikTok and other Chinese social media apps, Secretary of State Mike Pompeo said Monday.
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