By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Lifestyle UgandaLifestyle UgandaLifestyle Uganda
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
    News
    Get breaking news, music updates, and celebrity stories from Uganda and East Africa. Stay informed with Lifestyle Uganda—your insider source for real-time industry updates.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    4th April 2025
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    5th October 2023
    Bobi Wine and Barbie Share First Joint Magazine Cover
    Bobi Wine and Barbie Share First Joint Cover on Parents Magazine in Kenya
    3rd November 2018
    Latest News
    ‘Peace be with you’: Pope Leo XIV greets the world after historic election
    9th May 2025
    Millions to renew expired national IDs as Uganda begins mass exercise
    6th May 2025
    Ugandan Scientist Dr Matthias Magoola Honoured with African Excellence Award
    5th May 2025
    Francis Nyende appointed Marketing Manager at Uganda Tourism Board
    5th May 2025
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
      • Fitness
      • Pop Culture
      • Travel/Culture
    Entertainment
    Stay up-to-date with Lifestyle Uganda Entertainment—the latest news, celebrity gossip, films, and TV shows from Uganda, Nigeria, Kenya, and South Africa.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    4th April 2025
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    5th October 2023
    about Barbie Itungo Kyagulanyi
    Who is Barbie itungo Kyagulanyi: 11 Facts You Need to Know About Bobi Wine’s Wife?
    14th April 2025
    Latest News
    Media Personality Alfa Timez Joins Next Media After Three Years at Galaxy FM
    8th May 2025
    Robin Kisti video sparks questions after apparent arrest in Kampala
    8th May 2025
    Shazam Launches Viral Charts to Track the World’s Fastest-Rising Songs
    7th May 2025
    Dax Vibez expecting third child as concert preparations gather pace
    6th May 2025
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
    FashionShow More
    African designers to feature at top fashion weeks in Paris and Tokyo.
    African Designers to Take Global Stage with Afreximbank-Backed Fashion Showcases in Paris and Tokyo
    7th May 2025
    Dax Vibez lands fashion deal ahead of debut concert
    Joystar Fashion Partners with Dax Vibez in Boost for Kampala Star’s First Headline Show
    23rd April 2025
    Monochrome, but Never Mundane: How Judith Heard Makes Minimalism Feel Majestic
    19th April 2025
    Sheilah Gashumba’s Bold Twist on Schoolgirl Style Is a Lesson in Confidence
    17th April 2025
    Judith Heard Celebrates Birthday After Honoring Twin Daughters’ Milestone
    14th March 2025
  • Health & Living
  • Tips & Advice
Search
© 2023 Lifestyle Uganda. All Rights Reserved.
Reading: TikTok Parent Company Byte Dance Interested in Microsoft Buy Offer
Share
Sign In
Notification Show More
Font ResizerAa
Lifestyle UgandaLifestyle Uganda
Font ResizerAa
  • Home
  • News
  • Business
  • Entertainment
  • Health & Living
Search
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
  • Health & Living
  • Tips & Advice
Have an existing account? Sign In
Follow US
© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Lifestyle Uganda > Blog > News > TikTok Parent Company Byte Dance Interested in Microsoft Buy Offer
NewsTechnology & Science

TikTok Parent Company Byte Dance Interested in Microsoft Buy Offer

Lifestyle Uganda
Last updated: 4th August 2020 12:12 pm
By
Lifestyle Uganda
ByLifestyle Uganda
Senior Editor
Discover breaking entertainment news and exclusive insights from Uganda, Kenya, Tanzania, Rwanda and Nigeria—only at Lifestyle Uganda.
Follow:
- Senior Editor
Share
4 Min Read
Microsoft was trying to buy TikTok
Microsoft is trying to buy TikTok. Photo/Shutterstock
SHARE
Microsoft was trying to buy TikTok
Microsoft is trying to buy TikTok. Photo/Shutterstock

Microsoft has revealed that Byte Dance, the parent company of TikTok, is already interested in their current project to buy the app.

Microsoft was able to bring new life to its race to buy the TikTok social media app.

  • It was leaked that the technology company Microsoft was trying to buy TikTok.
  • Microsoft has revealed that Byte Dance, the parent company of TikTok, is already interested in their current project.
  • The idea right now is that Microsoft will own and operate TikTok in the United States, Canada, Australia and New Zealand.
  • Interested in Makeup? See the best makeup artists in Kampala, Uganda for hire.

This comes two days after President Trump announced plans to ban the video-sharing site. Satya Nadella, CEO of Microsoft, reportedly changed his mind during a meeting this weekend.

Friday play

As of Friday afternoon, it was leaked that technology company Microsoft was trying to buy TikTok. The news flew in the face of the Trump administration, which had been trying for weeks to ban the use for security reasons.

The U.S. government is concerned that the Chinese company is misusing user data. However, U.S. Management had said that selling the app to the company might be compromised enough.

- Advertisement -

By Friday evening, however, Trump had told reporters he would look into the ban, which could take effect on Saturday.

Sunday announcement

Fortunately for TikTok stars across the country, Microsoft CEO Satya Nadella was quick to act. Over the weekend, Nadella opened a channel for talks with the president.

Then, on Sunday evening, Microsoft announced in a blog post that it was back on track. The blog post is as follows:

”The importance of addressing President concerns is fully understood by Microsoft. It undertakes to acquire TikTok subject to a thorough security review and to provide the United States, including the US Treasury, with the appropriate economic benefits.”

The post also states that the latest deadline to complete the acquisition agreement is September 15, 2020.

- Advertisement -

Microsoft has revealed that Byte Dance, the parent company of TikTok, is already interested in their current project.

The idea right now is that Microsoft will own and operate TikTok in the United States, Canada, Australia and New Zealand. The company said it could allow other U.S. companies to buy minority stakes in TikTok if there is enough interest.

Following the announcement, Microsoft’s stake rose nearly 6%.

- Advertisement -

TikTok’s answer

Before Sunday’s announcement, TikTok responded by posting a definite video message on their site and Twitter.

In the video, TikTok’s U.S. General manager Vanessa Pappas says the company is not going anywhere. The US. He also pointed out that the company plans to employ 10,000 workers in.

Microsoft’s new direction

This acquisition will be a major shift in the direction of Microsoft. For years, the company has chosen to stay away from the social media market instead of focusing on financial and business software.

Snatching the multi-billion dollar social media app that is more popular among the younger crowd than Facebook would be the biggest change in the industry.

This is a great opportunity for Microsoft to expand its market share.

Social Entrepreneur Juliet Zawedde: ”Motivating Ugandans to Make Orphans Smile”
Jose Chameleone Says He’s ‘Reborn’ After Quitting Alcohol and Smoking
Tips on How to Get Rid Of Five Common Allergies
Schwarzenegger and Shriver Divorce, Ending Their 35-Year Marriage
Shakira and Gerard Pique: Couple Confirms Break up After 11 Years Together
TAGGED:Microsoft operate TikTok in the United StatesMicrosoft own TikTok in the United StatesMicrosoft pursuit of the TikTokmicrosoft revealed byte danceMicrosoft was trying to buy TikToknadella ceo microsoftpursuit of the TikTok social media appsocial media application tiktoktiktok parent companytiktok parent company byte danceTikTok social media app

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Reddit Email Copy Link
Share
ByLifestyle Uganda
Senior Editor
Follow:
Discover breaking entertainment news and exclusive insights from Uganda, Kenya, Tanzania, Rwanda and Nigeria—only at Lifestyle Uganda.
Previous Article blue ivy carter in Black Is King lifestyleug (1) Beyonce releases Black Is King, a look at Blue Ivy Carter cameos 
Next Article 2020 East Africa Fashion Awards Winners 2020 East Africa Fashion Awards: See the full list of Winners

Stay Connected

45.2kFollowersLike
5.1kFollowersFollow
213FollowersPin
35.6kFollowersFollow
11kSubscribersSubscribe
400FollowersFollow
- Advertisement -

Latest News

American cardinal Robert Prevost elected Pope Leo XIV.
‘Peace be with you’: Pope Leo XIV greets the world after historic election
International News & Politics News
9th May 2025
Microsoft Africa Chief Urges Continent to Seize ‘AI Moment’.
Microsoft’s Catherine Muraga Calls on Africa to Lead, Not Follow, in AI Revolution
Technology & Science
8th May 2025
Wendi mobile wallet hits one million users.
Wendi Mobile Wallet Surpasses One Million Users as PostBank Pushes for Greater Financial Inclusion
Business
8th May 2025
David Wandera appointed as new Managing Director of Absa Bank Uganda.
David Wandera appointed as Absa Bank Uganda’s first Ugandan Managing Director
Business
8th May 2025
//

At Lifestyle Uganda, we inform, entertain, and inspire action through the content we create — empowering you to live a celebrity life.

Quick Link

  • Home
  • News
  • Business
  • Entertainment
  • Health & Living

Top Categories

  • About Us
  • Send a Tip
  • Terms of Use
  • Privacy Policy
  • Contact

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Lifestyle UgandaLifestyle Uganda
Follow US
© 2025 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up