The Wall Street Journal is reporting that TikTok and Twitter have held talks about a potential uniting, even as the video sharing busines attacks itself against President Donald Trump’s pressure to pressure the sale of the business or potentially ban it.
As the internationally assigned video stream edition of Chinese technology developer Bytedance’s social media app, TikTok has amassed a world-wide used of enthusiastic buyers for its short-lived model videos, including at least 100 million consumers in the US.
According to The Wall Street Journal, Twitter and Bytedance have had preliminary talked about a uniting of TikTok’s US runnings with the publicly traded social media company. The Journal noted that Microsoft remains the front-runner for TikTok’s business in the US, Australia, Canada and New Zealand, and that a possible tie-up with Twitter would simply be for TikTok’s North American business.
Any Twitter bid for Bytedance’s TikTok business would likely have to bolstered by additional investors, since TikTok is valued anywhere between $15 billion and $50 billion dollars — far too big a bite for Twitter, which has a market capitalization of $29 billion.
Last week, President Trump indicated an executive say that would push the sale of TikTok’s US operations or face being boycotted. So Bytedance has to find a buyer before Sept. 15, or shut the business down in the US.
So far, Twitter and Microsoft are the only reported bidders for Bytedance’s business, but others could surface. And there’s its full potential that any auction could be scuttled by lawsuits challenging the President’s ministerial order.
On Saturday, National Public Radio reported that TikTok is planning to do precisely that. The firm will reportedly argue that the executive order from the President didn’t follow due process, and that its underlying assertion that TikTok poses a national security threat is baseless, according to NPR.
Some prominent illustrations in the technology industry, like Bill Gates, are also questioning the process by which Bytedance is being forced to sell its business.
“[ Having] Trump kill off the only entrant, it’s reasonably bizarre ,” Gates said in an interview with Wired. “[ The] principle that this is proceeding on is singly strange. The piece thing, that’s doubly strange .”
If Twitter, were, by some miracle, to acquire TikTok’s US procedures, it would add a huge additional pillar to the company’s business and permanently reshape the social media scenery. It would compute a massive new user base and mutate the demographics of the company’s user base.
The irony of such a treat shouldn’t be lost on longtime tech watchers, who will remember that Twitter had the opportunity to become TikTok if it hadn’t killed the short-lived way video streaming service, Vine.
Mr. Trump’s statements against TikTok have caused concern among potential purchasers. Microsoft and ByteDance have been discussing a possible spate for weeks, The Wall Street Journal reported today. But when Mr. Trump told reporters aboard Air Force One on July 31 that he planned to ban TikTok, the companies were caught off your guard and paused their discussions until they had more clarity about Mr. Trump’s means, the Journal has reported.
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