Arm

Microsoft to continue talks to buy app’s US arm

US tech giant Microsoft has confirmed that it is continuing talks to purchase the US operations of Chinese-owned video-sharing app TikTok.

Microsoft boss Satya Nadella had a conversation with President Donald Trump about the acquisition on Sunday, the tech firm said.

Microsoft stressed that it “fully appreciates the importance” of addressing President Trump’s concerns.

A full security review of the app will be conducted, the firm added.

Microsoft will also have to provide the US government with a list of the “proper economic benefits” to the country, it said in a blog post.

The tech giant hopes to conclude discussions with TikTok’s parent firm ByteDance by 15 September.

Microsoft said it was looking to purchase the TikTok service in the US, Canada, Australia and New Zealand, and would operate the app in these markets.

The tech firm added that it “may” invite other American investors to participate in the purchase

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Arm offloading its internet of things services business ‘makes float more likely’

Cambridge-based chip firm Arm dominates the smartphone market - Arm Holdings/Bloomberg News
Cambridge-based chip firm Arm dominates the smartphone market – Arm Holdings/Bloomberg News

Arm’s decision to spin-off its “internet of things” (IoT) services business and focus on its core chip design business are signals a float is “now more likely”, analysts say.

The SoftBank-owned chip designer announced it would hive off its IoT services division late on Tuesday. The Cambridge firm, which was bought by SoftBank in 2016 for £24bn, said it would transfer two businesses to the Japanese conglomerate, which would then oversee them directly. 

Arm has built up the business under four years of ownership by the Japanese firm.

SoftBank has the experience to make the most of the potential of the IoT sector, said Arm’s chief executive Simon Segars. 

Mr Segars said: “SoftBank’s experience in managing fast-growing, early-stage businesses would enable ISG to maximize its value in capturing the data opportunity. 

“Arm would be in a stronger position

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