Microsoft and ByteDance are hoping to close a deal on the purchase of TikTok within three weeks, APA reports citing Teletrader.
Although the report noted the deal is not "done by any means," currently the talks settled on a one-year deadline for the transferring of the technology.
The government in Washington has given Microsoft until September 15 to wrap up a deal with TikTok’s parent company on acquiring its US, Canada, Australia, and New Zealand operations.