TikTok owners may relocate to London from Beijing, Sun newspaper claims

WION Web Team
London, London, UK (Great Britain) Published: Aug 03, 2020, 12:00 PM(IST)

TikTok owner Bytedance Photograph:( Reuters )

Story highlights

According to The Sun newspaper, ByteDance’s founders are to announce their intention to set up shop in London soon.

TikTok owner ByteDance may move its headquarters to London from Beijing under a deal approved by British ministers.

According to The Sun newspaper, ByteDance’s founders are to announce their intention to set up shop in London soon.

The move is expected to upset US President Donald Trump who has considered banning TikTok in the United States.

Microsoft Corp said on Sunday that it would continue discussions to acquire popular short-video app TikTok from Chinese internet giant ByteDance, and that it was aiming to conclude the negotiations by September 15.

Also read | Microsoft confirms exploring buying TikTok in US after Trump and Nadella talk

Microsoft had confirmed that the US-based company is considering to overtake the video-sharing app.

"Following a conversation between Microsoft CEO Satya Nadella and President Donald J Trump, Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States," the company said in a statement.

Meanwhile, Trump has agreed to give China's ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday.

US officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. 

Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea of a sale to Microsoft.

It was not immediately clear what changed Trump's mind.

Also read | Trump to give TikTok's Chinese owner 45 days to agree sale

Microsoft, which also owns professional social media network LinkedIn, would become a major competitor to social media giants such as FaceBook Inc and Snap Inc were its bid for TikTok to succeed.

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