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US Investors Are Interested In Buying A Stake In TikTok

US Investors Are Interested In Buying A Stake In TikTok

At least one other major American company and several investors, along with Microsoft Corporation, are interested in acquiring a stake in the latest social network TikTok from China's ByteDance.

According to Bloomberg, representatives of the Federal government are consulting on this issue with a large American company and several investors. Agency sources, however, declined to name potential buyers of the social network's share. The Agency believes that these may be the Walt Disney Company and one of the leading US mobile operators Verizon. They have previously shown interest in acquiring shares in various social networks.

US President Donald Trump said earlier on Friday that he was considering a ban on TikTok on US territory, as well as other measures. Bloomberg reported, citing sources, that Trump intends to force ByteDance to give up its stake in TikTok so that it can not control the work of the social network in the United States. The Agency noted that the US administration might announce this decision within a day.

According to Bloomberg, the interagency Committee on foreign investment of the United States has been checking TikTok since 2019. It considers transactions that may lead to the transfer of assets and infrastructure that are important for American national security to the control of foreigners.

Criticism of TikTok in the US

Earlier, Secretary of state Mike Pompeo said that the United States does not exclude the possibility of blocking TikTok in the country due to allegations that the leadership of the social network is engaged in propaganda and transmits user data to the Chinese authorities.

Representatives of the social network stressed that these statements are not true. US regulatory authorities in 2019 launched an investigation into TikTok.

According to recent estimates, the number of TikTok users in the world exceeds 800 million people. The social network is used in about 150 countries.

On July 20, the US House of Representatives approved an amendment to the draft defense budget for the next fiscal year (starting in the country on October 1) to ban the use of TikTok in government agencies. According to US authorities, this program collects data that can be used to carry out cyberattacks on the United States.

Chinese Foreign Ministry spokesman Wang Wenbin said on July 21 that information about Tiktok malware distributed by the US is not true.

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