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Netflix is the newest company to be connected to TikTok, as the company considers promoting its US operations.But it’s not the first time Faced with Trump’s risk of including a national ban.
TikTok approached Netflix to “assess his interest in a deal” to win its U.S. operations, the Wall Street Journal reports.However, streaming sent the invitation to worry about a multimillion-dollar agreement with TikTok’s parent company, ByteDance.
Netflix is just one of many generation corporations that have been associated with TikTok’s acquisition talks in recent months, since the Trump administration first announced its goal of forcing China-based ByteDance to break ties with TikTok in the United States, or face a ban.The higher value of TikTok’s U.S. operations, estimated between $10 billion and $50 billion, means that few U.S.-generation corporations have the budget to buy the viral app.
Rumors and hypotheses about the acquisition of TikTok have floated several names of interested customers, adding Twitter, Alphabet and Apple.More recently, corporate generation giant Oracle has become a potential customer and has temporarily attracted donald Trump’s word.
With respect to Netflix, ALEX Sherman of CNBC contends that TikTok would provide a platform based on advertising profits in its folds, which would allow the streaming service to continue to offer ad-free entertainment., called TikTok this year as a competitor of “Internet entertainment”.
However, the only company that has publicly expressed an interest in making the acquisition is Microsoft.The company demonstrated in early August that it had started talks with ByteDance to take over TikTok’s operations in the United States, Canada, New Zealand and Australia.Microsoft and ByteDance had signed a “non-binding letter of intent” by the end of July, a vital step in the procurement procedure indicating that negotiations between the two corporations were advanced.
However, it is not known where the negotiations are, as TikTok questions the Trump administration’s attempts to ban implementation in the United States.Since last July, Trump has issued two separate executive orders addressed to TikTok and set a deadline for ByteDance in mid-November to sell U.S. operations.
TikTok filed a complaint Monday opposing the U.S. government to challenge the actions of the Trump administration.The lawsuit focuses on Trump’s August 6 executive order, which prohibits “any transaction” between ByteDance and U.S. citizens.TikTok argues that the U.S. government violated its right to “due process” by not notifying the company before the executive order, and by accusing management of lacking evidence of its claims that the Chinese government is accessing the knowledge of TikTok’s U.S. users.