Wall Street Journal (WSJ) reported that Twitter is discussing for a possible combination with TikTok following US President Donald Trump declaration to ban the app due to alleged national security risk.
The WSJ said it’ll be a risky bid, but Twitter would reap great rewards and believes believes it would come under less antitrust scrutiny compared to big corporations such as Microsoft.
Likewise, Microsoft was initially the suitor for TikTok, stating it was discussing to buy the platform in US, Canada, Australia and New Zealand.
President Trump issued an executive order to halt doing business with Chinese platforms, including TikTok, within 45 days and set a deadline for a sale of TikTok by its Chinese parent firm ByteDance. He also mandated that a certain portion of the sale go to the US Treasury.