Microsoft expands TikTok takeover ambitions to entire global business - FT

Microsoft expands TikTok takeover ambitions to entire global business - FT

Microsoft Corp is chasing a deal to buy all of TikTok's global business, including its operations in India and Europe, the Financial Times reported on Thursday, citing five people with knowledge of the talks.

FILE PHOTO: A person holds a smartphone with TikTok logo displayed in this picture illustration
FILE PHOTO: A person holds a smartphone with the TikTok logo displayed in this picture illustration taken Nov. 7, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

REUTERS: Microsoft Corp is chasing a deal to buy all of TikTok's global business, including its operations in India and Europe, the Financial Times reported on Thursday, citing five people with knowledge of the talks.

TikTok parent ByteDance and Microsoft did not immediately respond to Reuters requests for comment. (https://on.ft.com/3guMGjc)

TikTok faces a Sept. 15 deadline to either complete a sale of its U.S. operations to Microsoft or face a ban in the United States.

(Reporting by Neha Malara; Editing by Shounak Dasgupta)

Source: Reuters

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