NEW YORK - Twitter has approached TikTok's Chinese owner ByteDance to express interest in acquiring the US operations of the video-sharing app, two people familiar with the matter told Reuters, as experts raised doubts over Twitter's ability to put together financing for a potential deal.
The news of Twitter and TikTok being in preliminary talks and Microsoft still being seen as the front-runner in bidding for the app's US operations was reported earlier by the Wall Street Journal. "Twitter will have a hard time putting together enough financing to acquire even the US operations of TikTok. It doesn't have enough borrowing capacity", said Erik Gordon, a professor at the University of Michigan.
One of Twitter's shareholders, private equity firm Silver Lake, is interested in helping fund a potential deal, one of the sources added.
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