Twitter, the owner of the popular social media site, has approached the Chinese company ByteDance, the owner of the TikTok app, to share the videos to express its interest in the acquisition of Tik Tok operations in the United States. And at a time when experts raised doubts about Twitter's ability to finance any potential deal.
According to Reuters, two sources strongly questioned the ability of Twitter to outperform Microsoft and complete such a deal, which would represent a transformation for it, during the deadline that US President Donald Trump granted Bayte Dance, which is 45 days, to approve the sale.
The Wall Street Journal was the first to report the entry of Twitter and TikTok in initial talks and that Microsoft remained at the forefront of potential buyers of the US operations of the application.
According to sources, the market value of (Twitter) is close to 30 billion dollars and you will need to raise additional capital to finance the deal.
A source explained to the agency that the private company, Silver Lake, a Twitter contributor, had expressed interest in helping finance the potential deal, while TikTok, ByteDance and Twitter declined to comment .
TikTok has been criticized by US lawmakers over national security concerns related to data collection.
(Amazon Fun Knowledge)
