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Microsoft could buy ByteDance-owned TikTok: Reports

Aug 01, 2020 09:03 IST

As some nations express security concerns over Chinese video app TikTok, a New York Times report said that Microsoft Corp is in talks to buy the ByteDance-owned company. The Chinese-owned video app has been under scrutiny from the Trump administration. White House officials have said TikTok may pose a national security threat because of its Chinese ties. Hence, changing ownership is crucial for the app. TikTok was one of the 59 Chinese apps banned by the Indian government on June 29 due to data privacy concerns.

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