Business News: Microsoft after aiming to buy TikTok’s businesses across United States Of America, Canada, Australia, New Zealand might be looking to buy businesses in India and Europeans countries too.
According to a report by the Financial Times, the Seattle-based technology company Microsoft wants to buy TikTok‘s global business operations.
Sources familiar with the matter told Financial Times that a “deal is in works” for Microsoft to buy TikTok India. However, if it falls through, Bytedance might look for foreign or Indian investors.
Last month India banned TikTok and other 58 Chinese apps after the tension between China & India started. India was the biggest market of TikTok users with over 200 million+ active users across nation.
As soon as TikTok was banned other companies came forward with similar feature for example:- Instagram Reel and other Indian companies.
Source: Financial Times