The news of Microsoft's intention to acquire TikTok is more than an indiscretion: it is the CEO Satya Nadella himself to confirm the rumors spread in the last few hours, despite the denials of President Trump and his desire to ban the app on American soil.
"Microsoft is ready to continue the debate to evaluate the acquisition of TikTok in the United States", reads the official press release (link in SOURCE) published after the discussion between Trump and Nadella himself. The intention is to ensure the highest level of security, completing the acquisition only after completing the necessary assessments on the security levels guaranteed by the social platform.
Microsoft and ByteDance will meet in the coming weeks, to then reach a conclusion no later than September 15, 2020. In this month and a half, Satya Nadella confirms her intention to constantly update President Trump on the progress of the operation. It should also be borne in mind that any acquisition would only concern the US, Canada, Australia and New Zealand markets: only in these cases would TikTok be considered Microsoft's property, as anticipated in the documentation signed by the two companies under negotiation and filed with the Committee on Foreign Investment (CFIUS). Even the data collected by the social application would be so "safe", saved only and exclusively on US servers and far from prying eyes (read Chinese government).
The operational model for the service would be created to guarantee transparency to users as well as appropriate supervision of safety by the governments of these countries.
So the rumors of Microsoft's interest in TikTok are more than confirmed: on the one hand there is the company of Satya Nadella that recognizes in the app a potential source of income almost unprecedented (it is valued at 50 billion dollars) , on the other there is ByteDance 's desire to avoid the ban at all costs – just look at the recent hires in the USA and the assessment of London as the new company headquarters.
Credits opening image: Pixabay