Why Bill Gates is unsure about Microsoft-TikTok’s likely deal – Times of India

For the past one week or so there has been a lot of talk about how Microsoft may buy some of TikTok’s operations. The US-based company has confirmed its interest in the deal but it looks like its co-founder Bill Gates is quite sceptical about how the deal will work out.
In an interview with The Wired, Gates said that he isn’t sure what will happen with the deal. He called it a “poisoned chalice” and said, “who knows what’s going to happen with that deal.” Gates further said that being in the social media business is “no simple game.”
Gates was asked whether he is vary about Microsoft getting into the social media game. He replied, “This may sound self-serving, but I think that the game being more competitive is probably a good thing.” The co-founder of Microsoft said that the whole idea of the Trump administration getting a ‘cut’ from the deal and the dynamics of it is a bit confusing. “I agree that the principle this is proceeding on is singly strange. The cut thing, that’s doubly strange. Anyway, Microsoft will have to deal with all of that,” he told The Wired.
Microsoft earlier last week confirmed that it is in talks to acquire TikTok after speaking to US President Donald Trump. In a blog post, the tech giant wrote, “Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury. Microsoft said that it plans to have talks with ByteDance and wants to close the deal before September 15, 2020.
“The two companies have provided notice of their intent to explore a preliminary proposal that would involve a purchase of the TikTok service in the United States, Canada, Australia, and New Zealand and would result in Microsoft owning and operating TikTok in these markets,” the blog post further noted.

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