On August 3, Beijing time, Microsoft announced on its official blog today that, Microsoft is ready to continue discussions CEO exploring the acquisition of overseas versions of the TikTok in the United States after the company's dialogue with US President Donald Trump.
Microsoft said the company will move quickly to advance the discussion with the parent company of Tik tok in a few weeks, and in any case to complete the discussion no later than September 15, 2020. In the process, Microsoft looks forward to continuing dialogue with the U.S. government, including President trump.
The full text is as follows:
Satya Na, Microsoft CEODELLa) After a dialogue with us president Donald J. trump, Microsoft is ready to continue discussing the acquisition of tiktok in the US.
Microsoft fully recognizes the importance of addressing the president's concerns and is committed to acquiring tiktok after a comprehensive security review and providing appropriate economic benefits to the United States, including the U.S. Treasury.
microsoft will move quickly to discuss with TikTok parent company byte beat within weeks, no later than september 15,2020. In the process, Microsoft looks forward to continuing talks with the U.S. government, including the president.
The discussion with byte skipping will be based on Microsoft and byte skipping's notification to CFIUS. The two companies have provided information that they intend to explore a preliminary proposal that will involve the purchase of tiktok services in the US, Canada, Australia and New Zealand markets, where Microsoft will own and operate tiktok. Microsoft may also invite other U.S. investors to participate in the acquisition as a minority stake.
This new structure will build on the current favorite experience of tiktok users, while adding world-class security, privacy and digital security protection. The operational model of the service will be based on ensuring transparency of users and appropriate safety oversight by the governments of these countries.
Among other measures, Microsoft will ensure that all private data of TikTok US users is transferred to and retained in the United States. If any such data is currently stored or backed up outside the United States, Microsoft will ensure that the data is removed from servers abroad after transfer.
Microsoft thanks the U.S. government and President trump for their personal participation and continued to develop strong security measures for the country.
These discussions are preliminary and there is no guarantee that the trade fair involving Microsoft will continue. It is not intended to provide further up-to-date information until there is a clear outcome of our discussions.