Twitter, TikTok have had preliminary talks about merger: Dow Jones
Sunday, 9 August 2020
Twitter Inc. has held early talks about a potential combination with TikTok, the Chinese-owned video-sharing app that the Trump administration has declared a national-security threat, Dow Jones reported, citing people familiar with the matter. It’s unclear whether Twitter will pursue a deal, which would involve TikTok’s U.S. operations, the people said. Because Twitter is much smaller, the San Francisco-based social media company has reasoned it probably wouldn’t face the same level of antitrust scrutiny as Microsoft Corp. or other potential bidders, people familiar with the discussions told Dow Jones. Microsoft has been negotiating for weeks with TikTok’s owner, Beijing-based ByteDance...
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