, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020. During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President.”
TikTok is owned by Beijing-based conglomerate ByteDance, which launched a U.S. version of the app after acquiring U.S company Musical.ly in 2017. Microsoft and ByteDance had pitched the possibility to the Committee on Foreign Investment in the United States , which reviews foreign acquisitions of U.S. companies and had been scrutinizing TikTok. The preliminary proposal would involve acquiring the TikTok service in the U.S., Canada, Australia, and New Zealand, where Microsoft would own and operate TikTok.
Among other measures, Microsoft said it would ensure that all private data of TikTok’s American users is transferred to and remains in the U.S. To the extent that any such data is currently stored or backed-up outside the country, Microsoft would ensure that this data is deleted from servers outside the country after it is transferred., “The administration has very serious national security concerns over TikTok. We continue to evaluate future policy.
TikTok fired back with: “These are the facts: 100 million Americans come to TikTok for entertainment and connection, especially during the pandemic. We’ve hired nearly 1,000 people to our US team this year alone, and are proud to be hiring another 10,000 employees into great paying jobs across the US.
TicTok is the only thing that's keeping us sane!
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