Microsoft’s acquisition of TikTok will not affect the Indian government ban
At present, Microsoft is negotiating with ByteDance to acquire the ownership of the Tiktok app in some markets. The final result of this transaction needs to be released in mid-September.
According to Trump, if the two parties cannot reach a deal in mid-September, Bytedance must stop operating the Tiktok app in markets such as the United States.
Of course, according to market forecasts, Microsoft will definitely reach an agreement with ByteDance. After all, if ByteDance cannot be sold, it will also cause huge losses.
In the Indian market, Indian officials have previously announced that the Tiktok app will be blocked. At present, many applications such as Tiktok can no longer be used in the Indian market.
A few days ago, local media in India issued a comment that Microsoft’s acquisition of Tiktok will not affect the Indian ban, even though the current CEO of Microsoft is of Indian American origin.
The reason for not affecting the ban is actually very simple, Microsoft is currently negotiating with ByteDance to acquire TikTok only in the US/Canada/New Zealand/Australia market.
Therefore, the ownership of the Tiktok app in the Indian market remains unchanged from Bytedance, so India will not lift the ban because of the transaction.
The Indian and American markets are also the most important international markets for Bytedance. The ban and pressure from the US government will indeed cause serious consequences.
For example, the market with the largest number of users of the Tiktok is India, and the market with the highest revenue of the Tiktok is the United States. indiatimesBut for the moment, how to solve the problem of the Indian market may be the most important thing for ByteDance.
Via: Indiatimes