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Last Updated : Aug 03, 2020 12:45 PM IST | Source: Reuters

ByteDance says preliminary talks with a tech firm over TikTok have started

US President Donald Trump reportedly only agreed to allow Microsoft Corp to negotiate the acquisition of TikTok if it could secure a deal in 45 days.

Reuters

TikTok owner ByteDance said on August 3 that the company had initiated preliminary talks with a tech company to help it continue offering the short video app in the United States, a source said citing an internal company letter.

President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on August 2.

The move represents an about-face for Trump and prompted the U.S. tech giant to declare its interest in the blockbuster social media deal that could further inflame US-China relations.

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ByteDance did not immediately respond to requests for comment on the letter.
First Published on Aug 3, 2020 12:43 pm
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