TikTok Ever Home Netflix Business Acquisitions And Operations In The US

JAKARTA - ByteDance has reportedly offered a TikTok business in the United States (US) to Netflix. However, the video-on demand platform ignored the offer.

This was revealed by the South China Morning Post report, Monday, August 31, in which TikTok tried to seduce Netflix regarding the deal to acquire its US business. However, the streaming giant reportedly turned down TikTok's offer.

Netflix is just one of several technology companies linked in the talks about acquiring TikTok's US business. Previously there were Twitter, Alphabet (Google's parent) and Apple which were also said to be interested. There is also Oracle, which recently received support from President Donald Trump.

Based on market analysis estimates, the selling price of TikTok's US business is estimated to be worth more than US $ 10 billion or equivalent to IDR146 trillion. The price is quite fantastic, considering the popularity of TikTok in the land of Uncle Sam.

So far, President Trump has given TikTok a deadline of up to 90 days to sell part or all of its business to a US company. Otherwise, the short video platform will be permanently blocked in the US.

On the other hand, Microsoft doesn't just want to buy TikTok's US line of business. The technology company plans to take over the global operations of the Chinese-made social media platform.

However, it is not clear what the negotiation process is, because TikTok is challenging the Trump administration's efforts. By filing a number of objections and lawsuits to the court regarding Trump's policy to sell businesses and application operations in the US.