We are reader supported. External links may earn us a commission.

Apps

Twitter purportedly expresses interest in acquiring TikTok US operations

By Prakhar Khanna August 10, 2020, 2:44 am
TikTok

A few days ago, it was reported that US President was planning to ban TikTok in the country. Soon after, Microsoft confirmed that it is indeed exploring a purchase of TikTok in the United States. Now, the latest company to show interest in acquiring TikTok US operations is Twitter.

It is being reported (via Reuters) that Twitter has approached TikTok’s Chinese owner ByteDance to express interest in acquiring the US operations of the video-sharing app. However, Microsoft is still being seen as the front-runner in bidding for the app’s US operations.

Twitter has a market capitalization of close to $30 billion (23 billion pounds). It is almost as much as the valuation of TikTok’s assets to be divested. Hence, it would need to raise additional capital to fund the deal, according to the report.

POCKETNOW VIDEO OF THE DAY

Trump has mentioned that he’ll pass an executive order to ban TikTok in the US if the deal of a US company purchasing TikTok US operations doesn’t go through. In its statement, TikTok owner Bytedance hinted that it will take legal recourse to deal with the situation.

Search

Latest Articles

iOS

Here's how the Apple iPod changed the world in 21 years

iPod was an industry-changing device at its time, and it had a massive impact on modern smartphones, and the way we listen to music. We take a last look at the now-discontinued Apple iPod and the history it leaves behind.

By Roland Udvarlaki May 11, 2022, 10:00 am
iOS

How to use Mic Modes in VOIP and FaceTime Calls

This guide will go over the steps you need to follow to activate one of the available Mic Mode settings on Apple Devices to begin using the feature and improve your calling experience.

By Aryan Suren May 10, 2022, 10:00 am
Phones

This iPhone 14 feature might urge users to upgrade

Until now, it appeared that iPhone 14 would only be a minor upgrade over the iPhone 13 series. However, a new leak suggests that the iPhone 14 will come with one feature that might urge users to upgrade.

By Sanuj Bhatia May 9, 2022, 5:00 am