News & Reviews:   Bytedance

Right after US President's executive order on banning TikTok, it was also reported that Microsoft was interested in acquiring the company from ByteDance. After a few weeks, we had to wait if the acquisition was successful or not but it turned out that Microsoft is no longer acquiring TikTok due to the rejection by ByteDance.

While Microsoft is in the middle of a negotiation with TikTok, the latest news is that Twitter Inc may be interested in acquiring the company as well. According to Reuters, the information was shared by two anonymous people on this matter as Twitter have already approached ByteDance, TikTok's parent company.

In case you've been hiding under the rock, Microsoft is indeed in talks with TikTok on acquiring the company. To briefly recap the situation, the US President Donald Trump has ordered TikTok to be sold to Microsoft and the deal must be done by 15 September 2020 or else it will be banned in the country.

Earlier, it was reported that Microsoft is interested in buying TikTok after the U.S. President Donald Trump said that the Chinese app is posing security risks to the country. Now, Microsoft has officially confirmed that they will proceed to acquire the platform which belongs to ByteDance, the parent company of TikTok.

For those who are familiar with TikTok, you know it as an app filled mostly with short and silly videos. But the company is looking to switch things up by going in a different direction. Reports state that the Chinese version of TikTok, which is known as Douyin in China, has started to offer movie streaming.

Financial Times revealed that Bytedance, the owners of popular app TikTok is currently developing its own smartphone. This isn’t that surprising as the company had acquired some people from Chinese smartphone manufacturer, Smartisan.