Analyst Note| Dan Romanoff, CPA |
Reports surfaced July 31 that Microsoft was looking to acquire the U.S. operations of TikTok, which is wholly owned by Chinese software developer ByteDance. The deal would also reportedly include TikTok’s operations in Canada, Australia, and New Zealand. Talks fizzled after the Trump administration floated an outright ban on the app, then were back on again. The motivation for ByteDance to sell TikTok’s U.S. operations stems from national security issues raised by the White House as it relates to personal data collection by the Chinese government.