Sunday, October 24, 2021

Microsoft CEO says failed TikTok deal ‘weirdest thing I’ve worked on’

Chief Executive Officer Satya Nadella said on Monday that Microsoft’s acquisition of social media app TikTok last year is “the weirdest thing I’ve worked on.”

TikTok was ordered by then-President Donald Trump to separate its US version from the Chinese native ByteDance due to national security concerns about the collection of US users’ data. In August 2020, Microsoft began negotiations on the proposed acquisition, but by September the deal had collapsed.

By the time he stepped down in January, Trump’s disinvestment push was over and no potential lover was able to acquire TikTok.

Speaking at the Code conference in Beverly Hills, California, Nadella said he looks forward to bringing Microsoft’s security, child safety and cloud expertise to TikTok.

“It’s incredible,” Nadella said of the experience during an onstage interview. “I learned so many things about so many and so many people. TikTok came to us first. We didn’t go to Tiktok.”

Nadella continued, “TikTok was caught between a lot of things happening in the two capitals.” “President Trump had a particular vision of what he was trying to do there, and then it took off. NS [U.S. government] There was a particular set of requirements and then it disappeared.”

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Nadella said that what attracted ByteDance CEO Zhang Yiming to Microsoft were the US company’s content moderation and child safety-related services, which were developed through products included in the Xbox video gaming tool, and the commercial social network LinkedIn. Feather.

ByteDance did not immediately respond to a request for comment.

Nadella said he has no idea whether the United States is still pushing for a deal under President Joe Biden. The Biden administration has said it is reviewing national security concerns.

Nadella said, ‘I am happy with what I have at the moment.

He also expressed support for greater government regulation of cryptocurrency regulations, which could prevent ransomware attacks as ransoms often flow through opaque systems.

by Paresh Dave

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This News Originally From – The Epoch Times

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