Twitter in long-shot talks to potentially buy TikTok
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TikTok has apparently been in other talks to help it avoid the incoming presidential ban, with a report claiming the short-form video app spoke to Twitter about some form of “combination” ahead of Microsoft’s acquisition talks.
TikTok is scrambling to avoid being impacted by an executive order from President Donald Trump that would cease parent company ByteDance’s ability to make transactions in the United States on September 20, effectively killing off its US operation entirely. As part of this effort, discussions were supposedly made with Twitter to garner some assistance.According to the Wall Street Journal, Twitter was in preliminary talks about a “potential combination” with TikTok. While the value of a potential deal is unknown, nor what kind of combination was up for discussion, it is likely that the talks involved some form of acquisition attempt.
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