According to a report from Bloomberg, Google’s parent company Alphabet is considering acquiring a stake in TikTok as a neighborhood of a gaggle offer.
The report said that Alphabet weighed a non-voting minority against one of its investment arms, namely GV or CapitalG, both of which live to break free from Google but under the Alphabet umbrella.
However, according to Bloomberg’s sources, these discussions have “stalled” and thus the talks have ceased for the past few days.
The promotional alphabet reportedly didn’t spearhead the difficulty, and thus the report doesn’t identify who or a neighborhood of the group was.
However, a source told Bloomberg that Alphabet hasn’t ruled out participating in future offers.
Given that TikTok could also be an immediate rival to Alphabet’s YouTube platform, there’s an honest reason the company would have an interest.
The clock is ticking for TikTok to hunt out a replacement home for its US operations.
A week ago, President Trump gave the Chinese parent company ByteDance a 90-day deadline to divest its US operations.
Microsoft was the first major company to possess talks about buying TikTok, and Oracle and Twitter were also named as interested bidders.
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