TikTok US branch may have a new owner but has not been disclosed

According to CNBC , TikTok and related parties have reached an agreement and an official announcement of the deal will be announced as soon as possible.

However, it is worth mentioning that it is not known who will control TikTok’s operations in markets such as the US, New Zealand and Australia. However, Microsoft and Walmart may be the top competitors that have acquired TikTok.

According to the source, the buyer may have spent up to 30 billion USD to buy TikTok.

Microsoft was one of the first companies to confirm interest in TikTok and revealed that there will be an announcement on September 15, before the Trump ban goes into effect.

At the same time, Microsoft promised to transfer data of US users back to the US and store it on local servers to protect privacy.

“Microsoft guarantees all personal data of TikTok users in the US will be transferred to and stored in the US in case any data is currently being stored or backed up,” said the Redmond giant . Outside the US, Microsoft guarantees that this data will be deleted from servers outside the US after TikTok is transferred to Microsoft.

TikTok itself remains completely confidential about any information regarding the plans to resell to interested parties.

Refer to Softpedia