#Microsoft; #TikTok; #US; #ByteDance; #Security; #Transparency
New York, Aug 3 (Canadian-Media): Following a conversation between Microsoft CEO Satya Nadella and United States (US) President Donald Trump, Microsoft is prepared to continue discussions to explore a purchase of TikTok in the US, Official Microsoft blog said.
Microsoft. Image credit: Twitter handle
Microsoft added that it is committed to complete security review while acquiring TikTok and will move quickly to pursue discussions with TikTok’s parent company, ByteDance and added that it aims to complete these discussions no later than September 15, 2020.
ByteDance. Image credit: Twitter handle
During this process, Microsoft said it looks forward to continuing dialogue with the US Government, including with the President.
Over the weekend, ByteDance released a statement on Chinese social media, saying the firm faces all kinds of “complex and unimaginable difficulties,” alluding to the U.S.-China trade tensions, plus cultural differences.
After the acquisition of TikTok services, Microsoft said it may invite other American investors to participate on a minority basis in this purchase.
The building of operating model for the TikTok service would be based on transparency to users as well as appropriate security oversight by governments in these countries, said Microsoft.
TikTok. Image credit: Twitter handle
TikTok company said Sunday that its U.S. user data is stored in the U.S., with strict controls on employee access, and its biggest investors come from the U.S.
"We are committed to protecting our users' privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform," a TikTok spokesperson said.
Among other measures, Microsoft said that it would ensure that all private data of TikTok’s American users is transferred to and remains in the US.
Microsoft added that any US data currently stored or backed-up outside the US would be deleted from servers outside the country after it is transferred.
"Microsoft fully appreciates the importance of addressing the President's concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury," Microsoft said in a statement.
The announcement followed when Trump said on Friday that he would soon ban TikTok in the United States.
"The President, when he makes his decision, will make sure that everything we have done drives us as close to zero risk for the American people," Mike Pompeo, US Secretary of State said. "That's the mission set that he laid out for all of us when we get — we began to evaluate this now several months back. We're closing in on a solution. And I think you will see the president's announcement shortly," CBC News reported.