Microsoft hopes to reach TikTok deal in 3 weeks

Microsoft hopes to reach TikTok deal in 3 weeks
  • Clock-gray 22:39
  • calendar-gray 05 August 2020

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.

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