News

Twitter and TikTok in talks for the possible combination

On Saturday the Wall Street Journal reported that Twitter is in the negotiations regarding conjunction with the popular short video clip app TikTok. Twitter has approached Bytedance’s TikTok and expressed an interest in buying its US operations as per the reports.

TikTok was in discussion since last month, and many technology giants have come forward to take over the company due to several reasons. Microsoft, for example, is the front-runner that wanted to buy TikTok but now Twitter has risen a possible suitor for the position.

However, it is still unclear whether Twitter can afford to purchase the mobile application from its Chinese owners and can complete the deal in the 45 days. The worth of TikTok is yet not cleared but estimate place it in at over 10 billion dollars.

The market capitalization of Twitter is about $29 billion, whereas when it comes to Microsoft, the net worth is about $1.6 Trillion. According to the experts “Twitter deal will face less scrutiny then Microsoft’s.”

Last Friday, the US president commanded the US firms to discontinue working with the Chinese apps within the next 45 days. Trump alleged TikTok for providing US users’ information to the Chinese government. TikTok as a response continually denied all of the allegations.

The US government also banned a popular instant messaging app by china known as WeChat as tension escalated among the two countries. A communication expert Sharon Koh said: “Even if the deal goes through, be it Microsoft or Twitter taking a substantial stake in TikTok, what remains to be seen is how both parties are going to move forward operationally.”

Sponsored
Naima Rabbie

Share
Published by
Naima Rabbie

Recent Posts

Rumors Indicate iPhone 17 May Feature Unconventional Camera Design

Apple is reportedly preparing for a significant design overhaul with its iPhone 17 series, blending…

10 hours ago

First AI-Powered Teacher Launched in Pakistan’s Private School

Karachi: A private school in Karachi has unveiled Pakistan’s first AI-powered teacher, a groundbreaking move…

11 hours ago

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

13 hours ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

13 hours ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

14 hours ago

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

15 hours ago