Microsoft suspends takeover talks


Recently, it was reported that Microsoft intends to acquire tiktok, a short video interactive entertainment product under bytecomb. It is said that the two sides have even entered the final stage of negotiations, and the decision will be announced as soon as next Monday.
However, the wall street side said that Microsoft temporarily gave up the consultation and the cooperation was suspended. It seems that whether there is the possibility of a subsequent rekindling, it still needs to consider the external situation.
Before that, Microsoft had planned to change the name of tiktok to Microsoft teens. Moreover, the company believes that the takeover of tiktok by an American company after the dispute is a transaction that can be approved by the upper level, but all this has now come to nothing.
According to foreign media, tiktok has as many as 100 million users in the United States, but the company has not yet made a profit due to frequent acquisitions. This year’s revenue is expected to be about $1 billion, and may reach $6 billion next year.
In addition, it is said that tiktok has also released a sincere signal of increasing 10000 local jobs. Even Zhang Yiming is willing to sell his own shares in tiktok, but it is not clear whether this can reverse the current situation.