Tik Tok ignites the competition between Facebook and Microsoft

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Microsoft confirmed that it had held talks with the Chinese technology company ByteDance To purchase an application TikTok in the United States.

Microsoft said in a statement, it will continue to work with the US government on the deal, and it intends to end the talks by September 15.

According to a report cNBC Microsoft’s statement came two days after informing the media that it was interested in obtaining the Chinese application, and shortly after reports surfaced, President Trump said he was opposed to the idea of ​​buying Microsoft For TikTok , And it will act to block application in the United States.

For its part, Microsoft said that it and its Chinese counterpart, the current owner of Tik Tok, studied buying the application in the United States, Canada, Australia and New Zealand, as the two companies considered Microsoft Purchased TikTok In the United States, Canada, Australia and New Zealand has been provided Microsoft Other US investors participate in the acquisition, adding that the CEO of the company Satya Nadella Talk to Trump and do not disclose the terms of the deal.

For his part, US President Donald Trump agreed to grant ByteDance 45 days to close a deal with Microsoft about TikTok .

And a spokesman said TikTok For CNBC That data related to my users TikTok In the United States it is stored in the United States, and the acquisition may result in a portion of TikTok To complicate a relationship Microsoft With a company Facebook For social communication, which is considered ByteDance As a competitor, Microsoft invested $ 240 million in Facebook in 20017 and the two companies bring together a number of different initiatives.

It was Facebook He had said earlier this year that he would shut down an app called Lasso Looks like TikTok Meaning that both allow users to record short videos and accompany them with songs.

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