20 C
Jaipur
Friday, October 30, 2020

Twitter Is Reportedly Planning To Buy TikTok: Report

Must read

Wary of security issues, Japan’s government moves to shut China out of its drone supply chain – Latest News

Japan may effectively shut off China from supplying drones to its government to protect sensitive information, according to six people in government and the...

WinZO raises $2m from Stephan Pagliuca, co-chairman of Bain Capital – Latest News

Vernacular entertainment platform WinZO said it has raised $2 million (about Rs 15 crore) in funding from Stephan Pagliuca, co-chairman of private equity firm...

Paytm Payments Bank aims to issue 5 million FASTags in three months – Latest News

NEW DEHI: Paytm Payments Bank Ltd (PPBL) said that it has equipped over 5 million vehicles with FASTags, and is aiming to issue a...

How to Install YOURLS self-hosted URL shortener on CentOS 8

YOURLS is a free, open-source and self-hosted URL shortener written in PHP. It is very similar to TinyURL or Bitly and allows you to...

Now a giant of social media ‘Twitter’ allegedly joined a giant of software in an attempt albeit a longshot one to acquire another giant of social media, TikTok.

Twitter has been conducting a “preliminary talks” with TikTok to combine its company with the Chinese app, according to a Wall Street Journal article.

As far as bidding for TikTok goes, Twitter is currently seen as a long-shot, particularly because the company is significantly smaller than Microsoft. It is worth noting, however, that reports suggest that Microsoft may face more security scrutiny than Twitter, a company that already has an existing social media platform.

At the same time, Trump has set a deadline for the company’s acquisition if it wishes to continue operating in the United States, which expires on September 15.

It is alleged that TikTok could send user data to the Chinese government on its mainly young American user base, an accusation that TikTok has strongly refuted. TikTok has also said it stores all US user data in the US and does not share it with the Chinese government.

According to Reuters the problem for Twitter is going to be money. Without getting too much into the weeds, Twitter isn’t worth almost as much as Microsoft, currently the prohibitive favorite to acquire TikTok ‘s state-side operations.

If Twitter wishes to outbid the business behind Windows, Office, and Xbox, it needs to shore up financial partners help before the deadline of September 15.

Twitter’s interest in TikTok in the short video app niche could be linked to its failure. Vine, a short video creator app, was acquired by the social media giant in 2012, but was unable to bring popularity to the company and eventually shut it down four years later.

The only company so far to publicly acknowledge that was for a possible acquisition in talks with TikTok owner ByteDance. In a bid for TikTok, Twitter would be considered a long-shot with Microsoft likely to be the front runner in any deal.

Twitter isn’t the only organization that has shown interest in buying US business from TikTok. It is said that Apple, Facebook , Google, Twitter and Microsoft compete to purchase TikTok, but only Microsoft has openly accepted that it is a “potential” buyer.

Also Read

Lava Z61 Pro, A5 & A9 ProudlyIndian Editions Launched

Toshiba Finally Exit From Laptop Market & Sells Remains To Sharp

Google Pixel 4a Launched And Soon Available In India : Features & Specifications

Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Wary of security issues, Japan’s government moves to shut China out of its drone supply chain – Latest News

Japan may effectively shut off China from supplying drones to its government to protect sensitive information, according to six people in government and the...

WinZO raises $2m from Stephan Pagliuca, co-chairman of Bain Capital – Latest News

Vernacular entertainment platform WinZO said it has raised $2 million (about Rs 15 crore) in funding from Stephan Pagliuca, co-chairman of private equity firm...

Paytm Payments Bank aims to issue 5 million FASTags in three months – Latest News

NEW DEHI: Paytm Payments Bank Ltd (PPBL) said that it has equipped over 5 million vehicles with FASTags, and is aiming to issue a...

How to Install YOURLS self-hosted URL shortener on CentOS 8

YOURLS is a free, open-source and self-hosted URL shortener written in PHP. It is very similar to TinyURL or Bitly and allows you to...

How to Install Jira Agile Project Management Tool on Ubuntu 20.04

JIRA is a project management tool developed by Atlassian which is used as an issue and bug-tracking system. It is a commercial tool and...