Microsoft is chasing a deal to buy all of TikTok’s global business, including the viral video app’s operations in India and Europe, according to five people with knowledge of the talks. But Microsoft has since also pursued a plan that would include all countries where TikTok operates. TikTok does not operate in China, and such a deal would not extend to its China-facing sister app Douyin. One person close to Microsoft pushed back on the suggestion that the US tech group was discussing asset swaps in China as part of a deal. Any eventual deal may take a variety of forms, the people who spoke to the Financial Times said.

Source: The Irish Times August 06, 2020 15:56 UTC