Bytedance, the Beijing-based owner of Tiktok, is asking about $ 30 billion for its US business. The reports the Wall Street Journal from negotiating circles. But the bidders have so far not been willing to pay this price. Twitter informally posted a $ 10 billion bid last week. Tiktok claims to have 100 million users in the US.
New among the bidders is the retail group Walmart, which has submitted a joint offer with Microsoft, while a second consortium, to which Oracle belongs, wants to buy Tiktok. According to the Wall Street Journal, Walmart initially worked on an offer with the Google umbrella company Alphabet and the Tokyo-based technology investor Softbank. Google only took part in the talks earlier this week, said people familiar with the matter. However, these negotiations were ended without result and Softbank left the process.
President Donald Trump has ordered the shutdown of the Tiktok if a US company is not found as a buyer by mid-November. Bytedance wants to fight back and has announced a lawsuit against the decree intended to force the Chinese company to sell Tiktok’s US business. In the coming week, the lawsuit will be filed, said the company, according to several US media.
In early August, Microsoft publicly announced that it would hold talks to buy Tiktok in the United States, Canada, Australia and New Zealand. Microsoft also wants to take over Tiktok in Europe and India.