The Wall Street Journal on Saturday, reported that Twitter is currently in a preliminary negation with TikTok over a possible merger after Donald Trump declared that he would impose a ban on the app, saying they are a threat to US national security.
Trump announced on Thursday that the popular Chinese video app TikTok and social network WeChat “threaten the national security, foreign policy, and economy of the United States.”
In an executive order issued by Donald Trump, he gave US citizens 45 days to stop making use of the app, effectively putting a deadline for the sale of TikTok by Chinese firm ByteDance.
He has also expressed that the highest share of the sale should be deposited to the US Treasury.
Microsoft has also shown interest for TikTok, claiming it was also in negotiations to buy the company’s US, Canada, Australia, and New Zealand operations.
Twitter on the other hand have a lot to do as regards the bid for TikTok but the social media platform strongly believes that it will be less scrutinized than bigger corporations such as Microsoft.
However, Twitter would have to be supported by other investors in order to successfully complete the take over.