Why is Microsoft TikTok?

In August 2020, as President Trump threatened to ban TikTok, the Chinese video app’s owner ByteDance approached Microsoft as a possible partner. TikTok was “an interesting product” and a good fit for Microsoft because it was a social, cloud-based service that used AI, he said.

Who is trying to purchase TikTok?

Oracle will become TikTok’s cloud provider and a minority investor with a 12.5\% stake. Walmart has tentatively agreed to a purchase 7.5\% stake, and CEO Doug McMillon would serve as one of the five board members of the newly created company.

Is Microsoft taking over TikTok?

Microsoft says it’s not acquiring parts of TikTok’s operations, after its bid was rejected by TikTok owner ByteDance. After weeks of talks and very public back and forths involving the Trump administration, Microsoft ultimately failed in its attempts to acquire TikTok.

Does Microsoft use TikTok?

ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft. We are confident our proposal would have been good for TikTok’s users, while protecting national security interests.

Is TikTok selling to Microsoft?

Is Microsoft (MSFT) buying TikTok?

Microsoft (NASDAQ: MSFT) has revealed that it currently in talks to buy the U.S. operations of TikTok, the popular Chinese video application which has come under scrutiny from the U.S. government due to concerns of privacy and ties to the Chinese state. [1]

Why would Facebook want to buy TikTok?

“Getting TikTok would give it another chance to get in on a fast-growing, youth-oriented social media property and be a way to try to get back at Facebook for spurning its advances,” Williamson said in a statement. TikTok ban? Trump threatens to ban TikTok from operating in the U.S. Wedbush Securities analyst Daniel Ives agrees.

Is TikTok going to be divested?

On August 1, Reuters said that the owners of TikTok are prepared to divest U.S. operations ceding control to a U.S. company, namely Microsoft: Under ByteDance’s new proposal, Microsoft, which also owns professional social media network LinkedIn, will be in charge of protecting all of TikTok’s U.S. user data, the sources said.

Can TikTok help Microsoft’s HoloLens?

Understanding how people interacted with and used the Kinect accessory for the Xbox ultimately helped Microsoft develop and improve HoloLens, too. TikTok could help correct a Microsoft blindspot and even influence how other software and services are developed inside the company.