Microsoft CEO Says TikTok Failed Deal “Strangest Thing I’ve Been Working On”
September 27 (Reuters) – Microsoft Corp’s (MSFT.O) virtual acquisition of social media app TikTok last year was “the strangest thing I’ve ever worked on,” said Monday the general manager Satya Nadella.
TikTok had been ordered by then-US President Donald Trump to separate its US version from Chinese parent company ByteDance due to national security concerns over collecting data from US users. Microsoft began talks on the proposed acquisition in August 2020, but the deal collapsed in September.
Trump’s divestment push ended when he left office in January, and no potential suitor ended up acquiring TikTok.
Speaking at the Code conference in Beverly Hills, Calif., Nadella said she was eager to bring Microsoft’s security, child safety and cloud expertise to TikTok.
âIt’s amazing,â Nadella said of the experience in an onstage interview. âI learned so much about so many things and so many people. First of all, TikTok came to us. We didn’t go to TikTok.”
âTikTok was caught between a lot of things going on in two capitals,â Nadella continued. âPresident Trump had a particular take on what he was trying to do there, and then it just fell off. [U.S. government] had a particular set of requirements and then it just disappeared. “
Nadella said that what attracted ByteDance CEO Zhang Yiming to Microsoft were the American company’s services related to content moderation and child safety, developed through products included in Xbox video game tools. and on the corporate social network LinkedIn.
ByteDance did not immediately respond to a request for comment.
Nadella said he has no idea if the United States is still pushing for a deal under President Joe Biden. The Biden administration said it was looking at national security concerns.
âAt this point I’m happy with what I have,â Nadella said.
He also expressed support for tighter government regulation of cryptocurrency rules, which could stifle ransomware attacks, as ransoms often flow through opaque systems.
Reporting by Paresh Dave; Edited by Christian Schmollinger
Our Standards: The Thomson Reuters Trust Principles.