Twitter and TikTok discuss possible merger

United States

Twitter believes it is less likely than Microsoft, which is also interested in TikTok, to be pinned for abuse of dominance.

Twitter and Tiktok refused to confirm the information published Saturday evening by the American financial daily.  (Illustrative image)

Twitter and Tiktok refused to confirm the information published Saturday evening by the American financial daily. (Illustrative image)

AFP

Twitter has, according to the “Wall Street Journal”, started preliminary discussions for a possible merger with Tiktok, an application that Donald Trump accuses of spying for the benefit of China and threatens to ban the United States. Asked by AFP, Twitter and Tiktok refused to confirm the information published Saturday evening by the financial daily, which mentions sources familiar with the matter.

The US president on Thursday signed a decree banning, within 45 days, any transaction “of persons under US jurisdiction” with ByteDance, the parent company of TikTok, citing a “national emergency” about the application of light videos .

Earlier this week, Donald Trump said he was open to the takeover of TikTok by an American group before September 15, but warned that the service would be banned on American soil if no transaction took place by then. The tenant of the White House also demanded that in the event of redemption, a significant portion of the sum return to the US Treasury.

Need other investors

Microsoft expressed interest in acquiring TikTok’s US, Canadian, Australian and New Zealand businesses last Sunday. According to the “Wall Street Journal”, Twitter believes it runs less risk than Microsoft of being pinned for abuse of dominant position in this file because of its significantly smaller size.

The platform would likely need the support of other investors to complete a buyout. Moreover, and unlike Microsoft, Twitter is not available in China, where the government has blocked its access since 2009. Twitter allows video sharing, but mainly works through the publication of short text messages and photos or messages. animated images. Twitter acquired the very short video platform Vine in 2012, but decided to discontinue the service in 2016

(AFP/NXP)

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