As the clock is ticking — pun clearly intended — for Microsoft or another company to acquire TikTok in the U.S. by mid-September, a new potential buyer may have emerged.
According to WSJ, Twitter has had preliminary talks with TikTok’s parent company, Beijing-based ByteDance, noting that it is not clear whether the Jack Dorsey-led social media company would pursue a deal, which would be for the video-sharing app’s U.S. operations.
Donald Trump signed an executive order designed to block all business with ByteDance starting 45 days from that date, forcing the Chinese company to find a buyer or face a ban. TikTok blasted the executive order, threatening to sue the Trump administration.
Note: TikTok would likely prevail a lawsuit.
Microsoft has been in negotiations to acquire TikTok’s operations in the U.S., Australia, Canada and New Zealand for weeks, and is considered the frontrunner, according to WSJ.
Twitter previously acquired video-sharing app Vine before shutting it down four years later.