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Microsoft pursues deal to buy TikTok’s US operations following talk with Trump

Brief:

  • Microsoft is working to complete a deal to acquire the U.S. operations of TikTok from owner ByteDance by Sept. 15, the company said in a Aug. 2 blog post that indicates Microsoft CEO Satya Nadella spoke with President Donald Trump about the deal. Microsoft said it may invite other American investors to make a minority investment in the purchase.
  • Following those discussions, the software giant said that it was prepared to continue talks to make a deal, subject to a complete security review. After weeks of secret negotiations between Microsoft and ByteDance, the deal almost fell apart after the
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Why the UK was left out of Microsoft’s offer to buy TikTok

Microsoft is in talks to split up TikTok, the Chinese viral video sharing app, in a deal aimed at appeasing President Donald Trump, after he threatened to ban it in the US.  

But the future of TikTok in Europe and the UK has now been thrown into confusion. 

On Sunday, when Microsoft chief executive Satya Nadella confirmed the talks with TikTok’s parent company Bytedance, he said he wanted to buy TikTok’s operations in the US, Canada, Australia and New Zealand.

But why were the UK and Europe left out?

A soft-touch approach to regulation

One reason may be that Bytedance

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The Government has doomed first-time buyers with its pathetic Help to Buy extension

Before the pandemic, first-timers made up the biggest proportion of property buyers. It looked like the Government’s policies to boost home ownership – squeezing landlords, and promoting schemes to help get young people on the ladder – had actually, finally worked.

But now they are trapped, with each week bringing a new, punishing hurdle – and it’s partly due to the Government’s short-sightedness.

First-time buyers who had been saving diligently for a deposit found that during lockdown the goalposts had been moved. Cautious banks withdrew low deposit mortgages. According to comparison site Moneyfacts, there are now 68 mortgages with a

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Government extends Help to Buy scheme to allow for coronavirus delays

The Government has announced a small extension to the Help to Buy equity loan scheme to allow for delays caused by coronavirus – but the change falls short of housebuilders’ hopes.

The building deadline for new homes sold through the scheme will be extended by two months, from the end of December 2020 to February 28 2021. But the March 31 2021 deadline for most sale completions remains the same. 

Where necessary, extensions may be granted for homebuyers who have experienced severe delays because of the pandemic and reserved properties before June 30. These buyers will get an extension to

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