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Microsoft: Will continue to discuss the acquisition of TikTok's US business as early as September 15

(Original title: After a talk between Satya Nadella and Trump, Microsoft says it will continue discussions to explore a purchase of TikTok in US, which will wrap up by Sept. 15)

Netease Technology News, August 3 news, US local time on Sunday, Microsoft issued a document confirming that it will continue to negotiate the acquisition of TikTok's US business. The company's CEO and Trump discussed Tiktok, and will speed up the negotiation speed. Negotiations will be completed before September 15, or other US investors will be invited to participate in the acquisition.


Microsoft said that the company fully understands the president's concerns and promises to acquire TikTok after a comprehensive security review. Microsoft will take swift action within a few weeks to negotiate with TikTok parent company ByteDance. In any case, these negotiations will not be completed later than September 15, 2020.

The negotiation will be based on a notice issued by Microsoft and ByteDance to the Committee on Foreign Investment in the United States (CFIUS). The two companies have issued notices that they intend to explore a preliminary proposal that will involve the acquisition of TikTok's operations in the United States, Canada, Australia and New Zealand, which will allow Microsoft to own and operate TikTok in these markets. Microsoft may invite other US investors to participate in the acquisition by obtaining a minority stake.

This new proposal will urgently need to maintain the experience that TikTok users currently love while adding world-class security, privacy and digital security protection. At the same time, Microsoft will re-establish the operating model of this service to ensure that it is transparent to users and that it is convenient for the governments of these countries to conduct appropriate security supervision.

Among other measures, Microsoft will ensure that all private data of TikTok US users is transferred to and kept in the US. If any such data is currently stored or backed up outside the United States, Microsoft will ensure that the data is deleted from the foreign server after transmission.

Microsoft thanks the US government and President Trump for their personal participation, because they continue to develop strong security protection measures for the country.

However, these discussions are currently at an early stage, and there is no guarantee that Microsoft-related transactions will continue. Until the discussion has a final result, Microsoft does not intend to provide further details. (Little)

Source: NetEase Technology Report, translated by Google Translate


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