Twitter is in preliminary discussions for a possible merger with TikTok, the Wall Street Journal reported Saturday, saying US President Donald Trump would ban the app, saying it is a threat to national security.
Trump announced Thursday that the popular Chinese video app TikTok and the social network WeChat “threaten America’s national security, foreign policy and economy.” In an executive order, Trump gave Americans 45 days to stop trading with platforms, with his Chinese parent company ByteDance effectively setting a deadline for the sale of TikTok.
He demanded that a significant portion of the sales go to the US Treasury. Microsoft, the primary suitor for TikTok, said the company was in talks to buy operations in the US, Canada, Australia and New Zealand.
The Financial Times reported on Thursday that Microsoft has expanded the conversation, following the app’s overall global operations.
As a small company, Twitter will have a long-shot bid for TikTok, but the social media platform believes it will come under less antitrust scrutiny than large companies like Microsoft, the WSJ calls people into conversation. However, Twitter needs the support of other investors to complete the merger.
Twitter allows video sharing, with most posts containing short text messages and photos or GIFs. Twitter acquired the Vine platform in 2012, which allowed users to share short videos, but discontinued the service in 2016.