The Wall Street Journal says Twitter is less likely than Microsoft to be attacked for abuse of dominance The competition for TikTok will b...
The Wall Street Journal says Twitter is less likely than Microsoft to be attacked for abuse of dominance
The competition for TikTok will be tough. After Microsoft, it is Twitter's turn to show its interest in the application that Donald Trump accuses of spying for China and threatensto ban in the United States. According to an article dated Saturday in the Wall Street Journal, Twitter has begun preliminary discussions for a possible merger with the Chinese social network.
Twitter could not go alone
Microsoft expressedinterest last Sunday in acquiring TikTok's US, Canadian, Australian and NewZealand operations. But Twitter believes it is less likely than Microsoft to be pinned for abuse of dominance in this case because of its much smaller size. However, the platform would likely need the support of other investors to complete a buyout. Finally, Twitter, unlike Microsoft, is not available in China, where the government has blocked its access since 2009.
The US president signed anexecutive order on Thursday banning, within 45 days, all transactions "bypersons under US jurisdiction" with ByteDance, the parent company ofTikTok. Donald Trump also said he was open to the purchase of TikTok by a U.S. group before September 15, but warned that the service would be banned on U.S. soil if no transactions took place by then. The White House tenant also demanded that if the buyout occurs, a significant portion of the money would go to the U.S. Treasury.