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Microsoft May Pay Up To $30 Billion To Buy TikTok

Microsoft May Pay Up To $30 Billion To Buy TikTok

The American Corporation Microsoft intends to complete consultations on the acquisition of the social network TikTok or part of It within three weeks. The deal estimates at $10-30 billion.

According to his sources, Microsoft and the Chinese company ByteDance, which owns the social network, have not yet reached final agreements. Microsoft has notified the US authorities that if it acquires TikTok, it will move the systems that ensure the operation of the social network to the US within a year.

According to the TV channel, US Treasury Secretary Steven Mnuchin is participating in the consultations. The CNBC article does not specify whether the companies are discussing the acquisition of the entire TikTok social network or only its American division.

White House press Secretary Kaylee Mcenaney said on Tuesday that the US administration intends to take action against TikTok in the coming days. On August 3, Trump said that Microsoft or another us company must conclude a deal to acquire TikTok by September 15, otherwise the social network will be banned in the United States.

On July 31, the President said that he plans to ban TikTok in the United States. Before this, Bloomberg reported, citing sources, that Trump intends to force ByteDance to give up its stake in TikTok so that the company could not control the work of the social network in the United States. The Trump administration's concerns about TikTok are related to allegations that the network's management is engaged in propaganda and passes user data to Chinese authorities.

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