It seems that the relationship between byte skipping and tiktok, its short video product, is really going to be severed.
On August 1,Foreign media quoted sources as saying that byte skipping agreed to divest tiktok's US business.
According to the report,Byte skipping had previously sought to retain a minority stake in tiktok's U.S. business, but the latest news said that byte skipping would completely withdraw and Microsoft would take over tiktok in the United States.
Sources said byte-hopping u.s. investors could gain a minority stake in the u.s. TikTok business, under which microsoft would protect data from u.s. TikTok users.
Analysts said,Microsoft may be the most suitable person to take over tiktok's US business. By combining Microsoft with tiktok, we can build a strong digital advertising giant beyond alphabet and Facebook, So that the market is more dynamic.
In addition, Microsoft also has enough cash reserves, it can more easily pay for the acquisition costs, no longer need to raise acquisition funds.