Twitter expresses interest in acquiring the US operations of TikTok
According to media reports, social media platform Twitter has been in talks with ByteDance, the Chinese owner of short video plaform TikTok and has expressed an interest in acquiring the US operations of the app.
Twitter has a market capitalization of approximately $30 billion (23 billion pounds), which is almost the same as the valuation of TikTok's assets to be divested. According to reports, the company would need to raise additional capital to fund the deal.
Earlier, Microsoft has been on the negotiating table with ByteDance to acquire the company.
Also read: TikTok to relocate its Headquarters