Microsoft expands TikTok takeover ambitions to entire global business - FT

Thursday 1441/12/16 - 2020/08/06
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Los Angeles, Aug 6, 2020, SPA -- 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.
Microsoft has said it is seeking to buy the assets of TikTok in North America, Australia and New Zealand. It has not disclosed how much it is willing to pay, though sources previously told Reuters that ByteDance executives value all of TikTok at more than $50 billion.
The company is exploring whether it can add regions including India and Europe to the deal, Reuters cited the FT report as saying.
--SPA
21:34 LOCAL TIME 18:34 GMT
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