ByteDance says preliminary talks with a tech firm over TikTok have started: staff letter

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ByteDance says preliminary talks with a tech firm over TikTok have started: staff letter
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President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a ...

President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.

People walk past the Bytedance headquarters building in Beijing, China August 3, 2020. REUTERS/Carlos Garcia RawlinsPresident Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.

The move represents an about-face for Trump and prompted the U.S. tech giant to declare its interest in the blockbuster social media deal that could further inflame U.S.-China relations.Source: Reuters

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