Microsoft chasing a deal to buy all of TikTok’s global business

Microsoft is chasing a deal to buy all of TikTok’s global business, Financial Times reported.
TikTok mobile appReuters report said that Microsoft had not raised the prospect of buying all of TikTok in its negotiations with ByteDance.

Microsoft had said it was seeking to buy the assets of TikTok in North America, Australia and New Zealand. It had not disclosed how much it was willing to pay. Reuters reported that ByteDance executives value all of TikTok at more than $50 billion.

Microsoft is exploring whether it can add regions including India and Europe to the deal.

There was a “deal in the works” with Microsoft for TikTok India but it fell through, the FT reported.

TikTok faces a Sept. 15 deadline to either complete a sale of its U.S. operations to Microsoft or face a ban in the United States.