Month: July 2020

Microsoft weighs TikTok purchase as ad business flattens out

FILE PHOTO: A Microsoft logo is seen a day after Microsoft Corp’s $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson/File Photo

OAKLAND, Calif. (Reuters) – Microsoft Corp (MSFT.O) could re-energize its advertising business with a huge supply of video if it follows through on acquiring TikTok’s U.S. operations from ByteDance.

Reuters reported on Friday, citing a source familiar with the matter, that Microsoft is in exploratory deal talks as the U.S. government prepares to force China-based ByteDance to divest its video app TikTok over data security concerns.

Microsoft generates the bulk of its $143 billion in annual revenue by licensing software such as Windows and Office as well as cloud storage and computing tools through its Azure service.

The company, with advertising supported businesses including its Bing search engine, MSN news service and LinkedIn business social network, disclosed this month

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TikTok faces U.S. breakup from Chinese parent as Microsoft circles: sources

NEW YORK/WASHINGTON (Reuters) – The White House is preparing to force Chinese internet giant ByteDance to shed the U.S. operations of TikTok, as potential buyers, including Microsoft Corp (MSFT.O), are already in talks to buy the popular short video app, people familiar with the matter said on Friday.

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

The move would be the culmination of U.S. national security concerns over the safety of the personal data that TikTok handles. It would represent a major blow for the Beijing-based company, which became one of only a handful of truly global Chinese conglomerates thanks to TikTok’s commercial success.

It is was not immediately clear how the separation would happen and what ByteDance would do with the rest of TikTok’s global operations. An announcement on ByteDance’s

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White House to force China’s ByteDance to separate from TikTok in U.S.: sources

NEW YORK/WASHINGTON (Reuters) – The United States is preparing to force ByteDance to shed the U.S. operations of TikTok over concerns the Chinese company’s ownership of the popular short video app jeopardizes personal data, people familiar with the matter said on Friday.

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

The move would represent a major blow for the Beijing-based company, which became one of only a handful of truly global Chinese conglomerates thanks to TikTok’s commercial success.

It is was not immediately clear how the separation would happen and what ByteDance would do with the rest of TikTok’s global operations. An announcement could come as early as Friday, the sources said, requesting anonymity because the matter is confidential.

ByteDance and the U.S. Treasury Department, which chairs the government panel that has been

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Canada says requirements for Huawei CFO’s extradition to U.S. met, documents show

(Reuters) – Canada’s attorney general says the requirements for extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States on charges of bank fraud have been met, documents submitted in a British Columbia court show.

FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada May 27, 2020. REUTERS/Jennifer Gauthier/File Photo

Meng, 48, was arrested in December, 2018, on a warrant from the United States, which alleges that she misled the bank HSBC (HSBA.L) about Huawei’s business dealings in Iran.

Meng has been on house arrest in Vancouver since then, fighting extradition, and has said she is innocent. Her case has caused a diplomatic row between Canada and China, which has demanded that Meng be released. China detained two Canadians after Meng’s arrest.

The documents, which were filed last week and released to media on

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