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TikTok reportedly approaches Netflix in plan for streaming giant to acquire its US operations
- TikTok is said to have approached Netflix to “gauge its interest in a deal” to acquire its US operations
- Netflix is just one of several tech firms that have been linked to TikTok acquisition talks in recent months
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Netflix is the latest company to be linked to TikTok as the company weighs selling its US operations in the face of Trump's threat to issue a nationwide ban.
TikTok approached Netflix to “gauge its interest in a deal” to acquire its US operations, The Wall Street Journal reports. However, the streaming giant reportedly passed on the invitation to get involved in a multibillion deal with TikTok's parent company, ByteDance.
Netflix is just one of several tech firms that have been linked to TikTok acquisition talks in recent months, ever since the Trump administration first made known its intentions to force China-based ByteDance to sever its ties with TikTok in the US – or face a nationwide ban.
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The lofty price tag for TikTok's US operations – estimated to be worth between US$10 billion and US$50 billion – means few American tech companies have the funds to afford the buy the viral app.
Rumours and speculation regarding the TikTok acquisition have floated several names as interested buyers, including Twitter, Alphabet, and Apple. Most recently, enterprise tech giant Oracle emerged as a potential buyer, and quickly attracted verbal support from Donald Trump.
As for Netflix, CNBC's Alex Sherman argues TikTok would bring an advertising-revenue-based platform into its folds, allowing the streaming service to continue offering ad-free entertainment.
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