Home » Business » Twitter Eye on Tik Tok .. Will the Blue Sparrow win the deal?

Twitter Eye on Tik Tok .. Will the Blue Sparrow win the deal?

Source: Dubai – Arabic.net

Two sources familiar with the matter told Reuters that Twitter had approached ByteDance, the Chinese owner of the Tik Tok app, to share the videos to express its interest in acquiring Tik Tok operations in the United States, at a time when experts raised doubts about Twitter’s ability to finance any potential deal.

The two sources strongly questioned Twitter’s ability to outperform Microsoft and complete such a deal, which would represent a transformation for it, within the 45-day deadline that US President Donald Trump gave ByteDance to agree to the sale.

The Wall Street Journal was the first to report the news of Twitter and TikTok entering into initial talks and Microsoft remaining in the lead in potential buyers of the US operations for the application.

According to the sources, the market value of Twitter is close to 30 billion dollars, and you will need to raise additional capital to finance the deal.

One of the sources said that the private company, Silver Lake, a Twitter contributor, had expressed interest in helping finance the potential deal.

TikTok, BytesDance and Twitter declined to comment.

The app has been criticized by US lawmakers over national security concerns related to data collection.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.