Twitter, TikTok Reportedly Discuss Potential Combination

FILE PHOTO: The Twitter application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo
FILE PHOTO: The Twitter application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo
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Twitter, TikTok Reportedly Discuss Potential Combination

FILE PHOTO: The Twitter application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo
FILE PHOTO: The Twitter application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo

Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, after US President Donald Trump said he would ban the app, calling it a threat to national security.

Trump declared Thursday that the popular Chinese video app TikTok and social network WeChat "threaten the national security, foreign policy, and economy of the United States."

In an executive order, Trump gave Americans 45 days to stop doing business with the platforms, effectively setting a deadline for a sale of TikTok by its Chinese parent firm ByteDance.

He has also demanded that a significant portion of the sale go to the US Treasury.

Microsoft has been the primary suitor for TikTok, saying it was in talks to buy the company's US, Canada, Australia and New Zealand operations.

The Financial Times reported Thursday that Microsoft has expanded negotiations and was now after the app's entire global operations.

As a smaller company, Twitter would have a long-shot bid for TikTok, but the social media platform believes it would come under less antitrust scrutiny than larger corporations such as Microsoft, the WSJ said, citing people familiar with the talks.

Twitter, however, would likely need the support of other investors to complete the combination.

While Twitter does allow for the sharing of videos, most posts contain short text messages and photos or GIFs.

In 2012 Twitter acquired the platform Vine, which allowed users to share short videos, but shut down the service in 2016.



Saudi Arabia, Poland Agree to Bolster Digital Partnership

The Saudi delegation's visit to Poland was centered on exploring trade and investment partnership prospects. SPA
The Saudi delegation's visit to Poland was centered on exploring trade and investment partnership prospects. SPA
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Saudi Arabia, Poland Agree to Bolster Digital Partnership

The Saudi delegation's visit to Poland was centered on exploring trade and investment partnership prospects. SPA
The Saudi delegation's visit to Poland was centered on exploring trade and investment partnership prospects. SPA

Polish Deputy Prime Minister and Minister of Digital Affairs Krzysztof Gawkowski has expressed his endorsement for initiating collaborative digital initiatives with Saudi Arabia, which would benefit both nations.

Gawkowski's remarks came during his meeting Tuesday in Warsaw with Federation of Saudi Chambers Chairman Hassan Al-Huwaizi and a delegation of Saudi businessmen. The visit was centered on exploring trade and investment partnership prospects.

Gawkowski underlined Poland's keenness to enhance cooperation with Saudi Arabia on digital development and cybersecurity, particularly considering the substantial progress underway in the sector in both countries.

During the meeting, Alhwaizy stressed the significance of augmenting Saudi-Polish investments in technology and digital transformation, recognizing the pivotal role of the fields in economic advancement and business expansion.

Saudi Polish Business Council chairman Abdullah Abu Dabeel highlighted that Saudi Arabia’s ambitious plan for a $100 billion artificial-intelligence (AI) project, coupled with Poland's prominent position as the third-ranked country globally in terms of the quality and number of programmers, presents promising avenues for collaboration between the two nations.