ByteDance denies Microsoft's attempt to purchase TikTok's global business. What are TikTok's businesses?

ByteDance denies Microsoft's bid for TikTok's global business

According to foreign media reports, Microsoft is seeking to acquire TikTok's global business, including TikTok India and Europe. In response to this, ByteDance responded on August 7 that the news was not true.

According to the Financial Times, Microsoft is seeking to acquire TikTok's global business, including TikTok India and Europe.

In response to foreign media reports, ByteDance officially stated that the above news is not true.

Earlier, Microsoft confirmed in a statement that it was negotiating with ByteDance on the acquisition of TikTok in the United States, and the acquisition would be completed no later than September 15. According to Microsoft's statement, Microsoft and ByteDance are exploring a preliminary proposal involving the acquisition of TikTok's service business in the United States, Canada, Australia and New Zealand.

Earlier today, US media reported that the main content of the negotiations between Microsoft and ByteDance is still the acquisition of TikTok's business in the United States, Australia, Canada and New Zealand, and the two sides have not expanded the scope of the negotiations.

According to previous requirements of the US government, TikTok must end its operations in the United States by September 15 unless a deal is reached to sell its US business to Microsoft or other US companies. Microsoft is the only company that has publicly announced that it is in discussions with ByteDance to acquire TikTok.

According to American bankers, the US government requires that TikTok (US business) cannot be sold to US companies at too high a price, and the final price may be around US$10 billion.