 "Microsoft chasing deal to buy all of TikTok's global business: Report")
Microsoft Corp is chasing a deal to buy all of TikTok's global business, the Financial Times reported on Thursday, citing five people with knowledge of the talks.
However, a source familiar with the discussions told Reuters 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, though sources previously told Reuters that ByteDance executives value all of TikTok at more than $50 billion.
Microsoft declined to comment on the report. TikTok parent ByteDance did not immediately respond to Reuters' requests for comment.
The company is exploring whether it can add regions including India and Europe to the deal, according to the FT report.
There was a "deal in the works" with Microsoft for TikTok India but it fell through, the FT reported, citing one person close to ByteDance in India.
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.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%