Netflix and Google Make It Clear They Are Not Buying TikTok

Donald Trump (US President) issued an administrative order on 6th August giving TikTok a time limit of 45 days to sell its operations to the US or face a ban in the country.

Tik Tok
Source: IndiaToday

Donald Trump (US President) issued an administrative order on 6th August giving TikTok a time limit of 45 days to sell its operations to the US or face a ban in the country.

Trump called TikTok Short Video app and messenger app WeChat owned by China “significant threats.” Thus, TikTok is looking out for all the conceivable options, the tech corporations that may be interested in obtaining the app.

  • Tiktok does not have much time on their hands to sell its operations in the United States.
  • They are making all the possible attempt to save the business.

They recently approached Netflix to buy their US firm as per Wall Street Journal. Nevertheless, Netflix did not show interest in acquiring Tiktok.

In the meantime, Sundar Pichai (CEO of Google) has also said that Google has no plans to obtain TikTok, as per Bloomberg. During a conference on the podcast show Pivot Schooled, Pichai was queried whether Google was going to purchase the popular video app. “We are not,” he replied.

When an administrative order against the app was allotted, TikTok sued the Trump administration in return.

“The Executive Order issued by the Administration on August 6, 2020, has the potential to strip the rights of that community without any evidence to justify such an extreme action, and without any due process. We strongly disagree with the Administration’s position that TikTok is a national security threat and we have articulated these objections previously. Now is the time for us to act. We do not take suing the government lightly, however, we feel we have no choice but to take action to protect our rights and the rights of our community and employees,”

TikTok in a blog post wrote.

TikTok filed the suit Monday in federal court in the Central District of California.

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As of now, Microsoft and Oracle have been the front runners who have shown interest in buying TikTok. Twitter, too, approached the company for a potential deal.

In the past months, TikTok has taken attempts since the executive order to maintain its stronghold in the US. It promised to create 10,000 jobs in the US in the next three years. TikTok also started a $200 million Creators Fund to support ambitious creators who are seeking opportunities to foster a livelihood on the app.

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