Microsoft is preparing to give tens of billions of dollars for TikTok

One of the contenders for the purchase of TikTok from the Chinese ByteDance – the American Microsoft – is ready to make a deal. According to CNBC, its amount can range from 10 to 30 billion dollars.

The parties have not yet agreed on a specific cost. It has already been agreed that, in the event of a purchase, the data of American users of the social network will be stored in the United States.

It is assumed that the negotiations will be completed in a few weeks – by September 15. This is the exact term designated by the American authorities. Otherwise, the social network will be blocked in the United States.

Earlier it was reported about an interest in the purchase from Apple, but the company denied these rumors: the purchase of TikTok would be atypical for the company, since the Chinese social network is a cross-platform application and has a complex political background.

In case of successful negotiations, the US authorities want either the seller or the buyer to transfer interest from the transaction to the US Treasury. President Donald Trump is confident that the deal would not have been possible without the help of the authorities.