Monday, August 10, 2020

Twitter is planning to Buy a Tiktok video Sharing App : Report

After Microsoft, Twitter Inc is now planning to buy China-owned video-sharing app TikTok. This information has been obtained from the report of US stock market Dow Jones, in which it is said that Twitter has had initial talks with TickTalk about this deal. For information, let us know that after the Chinese company App TicketTalk is banned in India, the US has banned it.

Twitter buy tiktok


According to the report, it is not clear at present whether the Twitter deal will include the US operations of TickTalk. Recently, US President Trump has accused Twitter and Facebook Inc. of unfairly censoring them.


It is being said that this deal will not be so easy for Twitter, because Twitter is a small company for this. People familiar with the discussion told Dow Jones that Twitter, a $ 29 billion company, may have to resort to other investors to crack this deal. For information, let us know that Twitter CEO Jack Dorsey has already introduced the short video app 'Vine App', which had to be closed in 2016 after four years.

For some time, the latest information about the Microsoft-Ticketock deal is continuously coming out. According to the report, Microsoft is trying to buy the entire global business of TickTalk. The value of Tiktok India Business is believed to be close to $ 10 billion.


Last Sunday, a statement was issued on behalf of Microsoft about this deal. In this statement, it was said that it is in talks with Ticketcock's parent company ByteDance to buy its US, Canada, Australia and New Zealand business.

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