Twitter interested in acquiring TikTok in US: Reports

Twitter has also expressed that its bid will be less regulated that Microsoft's and will not face pressure from China since it's not operational in the country

e4m by exchange4media Staff
Updated: Aug 10, 2020 9:06 AM
Twitter Tiktok

Tech giant Twitter has reportedly expressed its interest in buying TikTok in the US and contesting against the current frontrunner Microsoft, say media reports. It has also approached ByteDance to discuss the acquisition of TikTok's US operations.

Reports also say that experts have expressed doubts over Twitter's ability to back their intent with the requisite funds and top Microsoft's bid within the 45-day window in the US.

With its market capitalisation of around $ 30 billion, Twitter is worth almost as much as TikTok's assets that are to be divested. Sources say that the tech giant may need to raise additional capital if it wants to acquire TikTok and outbid Microsoft. Experts say that even if Twitter puts together an investor group, the terms may be tough as the shareholders might insist that it focus on the existing business. However, one of Twitter's shareholders Silver Lake has expressed interest in helping fund a potential deal.

Reports say that Twitter has also expressed that its bid will be less regulated that Microsoft's and will not face pressure from China since it's not operational in the country.

 Last week, US President Donald Trump had signed executive orders to end transactions with ByteDance, giving the Chinese company 45 days to finalise a deal with a US-based tech company or stop operations in the country.

Latest reports say that TikTok is planning to challenge the move by filing a federal lawsuit against the US government.

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