TikTok and Twitter Held Talks for Potential Merger
This Saturday, the Wall Street Journal reported that TikTok and Twitter Held Talks for Potential Merger. As per the report, Twitter contacted TikTok’s parent company Bytdance and showed interest in buying U.S operations of TikTok. Furthermore, the report says that TikTok and Twitter are in the negotiation phase to complete the deal.
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However, TikTok is being approached by many technology giants and they showed interest in purchasing the popular short video clip application. It is worth mentioning that previously Microsoft also expressed interest in purchasing the application. So, Microsoft is the strong rival of Twitter in the race of purchasing TikTok. However, Twitter holds the strongest and potential position among potential buyers.
Furthermore, it is still unclear whether Twitter can afford TikTok from China or not. In addition to this net worth of TikTok is also unknown yet. But many experts say that the net worth of TikTok would be around 10 billion dollars.
The net worth of twitter is around 30 billion dollars and that of Microsoft is around 1.6 trillion dollars. So, experts say that
Twitter’s deal will have to face less scrutiny than that of Microsoft
This Friday, U.S President Mr. Donald Trump advised all American companies to halt the working with TikTok within the 45 days. So, it is a big challenge for Twitter to accomplish the deal within 45 days. Donald Trump accuses TikTok to sell the data to China government. However, TikTok’s spokesperson denied all the allegations by Mr. Donald Trump.
Read Also: U.S – China Tension Over TikTok
Furthermore, America banned a popular instant message application “WeChat” as a result of escalation between the two countries. However, communication and telecommunication expert, Sharon Koh said:
Even if the deal remains successful, either Microsoft or Twitter buys the application, what is most important to see is that how both companies will join hands to move forward operationally