Microsoft would be interested in acquiring TikTok in Europe and other parts of the world as well, reports the Financial Times Thursday based on five initiates. The company previously expressed interest in the U.S. branch of TikTok after U.S. President Donald Trump threatened to ban the app in his country.
Trump gave Chinese company ByteDance, the owner of TikTok, until September 15 to come to a deal. If that deadline is not met, the US President threatens to ban the app on the grounds of national security.
Microsoft announced last Sunday that it was interested in TikTok in the US, Canada, Australia and New Zealand. The markets in Europe and India would be excluded. One source of the Financial Times suggests that Microsoft would rather get their hands on the app, partly to avoid problems with TikTok users moving to another country.
In response to the article writes business magazine Business Insider based on one insider that the reporting is “completely false”. Just like the sources of the Financial Times it is unclear who this anonymous person is.
ByteDance also has a version of the popular video app in its home country of China, which is called Douyin. Outside of China, the company uses the name TikTok, including after the acquisition of Musical.ly in 2017.
In India, TikTok has been banned by the government after a deadly confrontation in the border region in China. The country has blacklisted several Chinese apps, preventing Chinese companies from taking advantage of the hundreds of millions of potential users in India.
Microsoft previously announced that it will only come out with a new statement when the negotiations have ended.