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At first Microsoft didn't plan to buy TikTok entire U.S. business

via:CnBeta     time:2020/8/27 8:00:40     readed:547

According to the US consumer news and business channel (CNBC) reported on the 26th, the New York Times quoted people familiar with the situation, saying that after US President Trump's intervention, the acquisition negotiations between Microsoft and tiktok and its Chinese parent company byte beat were "ballooned" this summer.

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It is reported that at the beginning of the negotiation, Microsoft is said not willing to make any large-scale acquisition. However, if tiktok can be partially owned, the latter may give up the current Google cloud and sign a contract with Microsoft azure, becoming one of Microsoft's largest cloud customers immediately. In addition, tiktok is likely to merge with Microsoft's $7 billion advertising business.

Microsoft issued a statement on the acquisition of TikTok U.S. business on August 2. However, on August 3, Trump said he would prefer Microsoft to buy the app for as many as 100 million Americans. Trump told reporters at the time ," I think buying 30% of the shares is complicated ."

At present, several bidders are competing with Microsoft, mainly oracle. It is understood that bankers and investors have also contacted Netflix and twitter, but it is not clear whether they are interested. In any case, the deal has "evolved into a big, chaotic political soap opera," the report said.

Tiktok is likely to trade for between $20 billion and $50 billion, depending on what part of the company is being sold. CNBC reported earlier this month that Microsoft was discussing a $10 billion to $30 billion acquisition of tiktok. The New York Times quoted a source as saying that the deal with Microsoft would value tiktok's business outside China at $80 billion.

Microsoft and TikTok declined to comment CNBC they contacted.

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