@Variety — @Twitter And #TikTok Have Held #Merger Talks As Trump Ban Looms

Los Angeles, CA (Variety) — Could a Twitter-TikTok tie-up transpire?

The social network and TikTok, owned by China's ByteDance, have engaged in “preliminary” discussions about merging TikTok's U.S. operations with Twitter, the Wall Street Journal reported, citing anonymous individuals.

Twitter declined to comment. A TikTok rep said via email Sunday, “As a matter of corporate policy we do not comment on market rumors.”

The M&A chatter about Twitter and TikTok emerges after Microsoft last week confirmed that it has been exploring a TikTok takeover. That comes under the threat of Donald Trump's effective U.S. ban of TikTok by Sept. 21 — with the president claiming the popular lip-syncing app “continues to threaten the national security, foreign policy, and economy of the United States” — if ByteDance can't close a deal with an American buyer for TikTok's U.S.-based business by then.

Meanwhile, TikTok is planning to sue Trump over his Aug. 6 executive order as early as this Tuesday, arguing the president's unilateral move is unconstitutional because it denied TikTok any due process, NPR reported. The lawsuit also will allege that Trump failed to provide any evidence that would show TikTok is a danger to the U.S.'s national security, per the report.
Todd Spangler/@Variety

Source: Variety, full story

 

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