Twitter Held Early Talks To Buy TikTok’s US Operations – Report

Twitter Inc. has reportedly held preliminary talks to buy the US operations of the video-sharing app TikTok, which the Trump administration has declared a national-security threat due to its Chinese ownership.It is unclear whether Twitter (TWTR) will pursue a deal with TikTok’s Beijing-based owner ByteDance Ltd., which would face significant challenges, the Wall Street Journal reported.Microsoft Corp. (MSFT), which last Sunday said that it is prepared to continue negotiations to buy TikTok’s US operations after talking to President Trump, is considered the front-runner for any possible deal. Twitter is seen as a long-shot bidder, given that it is much smaller …read more

Source:: Yahoo Finance