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Microsoft to continue talks to buy TikTookay from ByteDance

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Microsoft Corp mentioned on Sunday that it could continue discussions to purchase fashionable short-video app TikTookay from Chinese web large ByteDance, and that it was aiming to conclude the negotiations by September 15.

The firm made the assertion following a dialog between is CEO Satya Nadella and U.S. President Donald Trump. It mentioned it could be sure that all non-public information of TikTookay’s American customers is transferred to and stays within the United States.

“Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” Microsoft mentioned in a press release.

The firm added that there was no certainty a deal can be reached.

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