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    Tears As Five Corps Members Die In Road Crash (Photos)

    Tears As Five Corps Members Die In Road Crash (Photos)

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    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

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    PDP lost for APC to get second chance to repent from their sins – Wike

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    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Lagos varsity student shot dead over stolen phone

    Lagos varsity student shot dead over stolen phone

    Benzema, Messi set for Saudi moves – Report

    Benzema, Messi set for Saudi moves – Report

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

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    “Korra won’t like this” – Netizens reacts to new video of Justin Dean and US Singer Paris Hilton

    Davido describes Burna Boy, others as ‘new cat’, hails career success of Wizkid (Video)

    Davido describes Burna Boy, others as ‘new cat’, hails career success of Wizkid (Video)

    Odumodublvck leaks chat with West Ham captain, Declan Rice, as he’s set to host him in London

    Odumodublvck leaks chat with West Ham captain, Declan Rice, as he’s set to host him in London

    “I forgive you, please” – Papaya’s ex-boyfriend, Toblad says as he begs for reconciliation

    “I forgive you, please” – Papaya’s ex-boyfriend, Toblad says as he begs for reconciliation

    "I was so broke, I had to close my account" – Singer Joeboy on bankruptcy

    “I was so broke, I had to close my account” – Singer Joeboy on bankruptcy

    Tears As Five Corps Members Die In Road Crash (Photos)

    Tears As Five Corps Members Die In Road Crash (Photos)

    The One God Has Shown Mercy - Actress, Amarachi Igidimbah Grateful As She Celebrate 32nd Birthday With Stunning Photos5

    “The One God Has Shown Mercy” Actress, Amarachi Igidimbah Grateful As She Celebrate 32nd Birthday With Stunning Photos

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    Nigerian man fails to appear in court for divorce hearing due to lack of transport fare

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    Tonto Dikeh stirs reaction as she flaunts mystery man at her 38th birthday party (Video)

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    Tears As Five Corps Members Die In Road Crash (Photos)

    Tears As Five Corps Members Die In Road Crash (Photos)

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    PDP lost for APC to get second chance to repent from their sins – Wike

    PDP lost for APC to get second chance to repent from their sins – Wike

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Lagos varsity student shot dead over stolen phone

    Lagos varsity student shot dead over stolen phone

    Benzema, Messi set for Saudi moves – Report

    Benzema, Messi set for Saudi moves – Report

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

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    Barcelona Release Statement On Messi’s Decision To Join Inter Miami

    Former Chelsea Midfielder, Jacob Mellis Now Homeless

    Former Chelsea Midfielder, Jacob Mellis Now Homeless

    Peseiro consoles Flying Eagles after World Cup ouster

    Peseiro consoles Flying Eagles after World Cup ouster

    Jim Hines, first sprinter to run 100m under 10 seconds, dies

    Jim Hines, first sprinter to run 100m under 10 seconds, dies

    “We Can’t Be Happy” – Ancelotti Reacts As Benzema Leaves Real Madrid

    “We Can’t Be Happy” – Ancelotti Reacts As Benzema Leaves Real Madrid

    Zlatan Ibrahimovic Retires From Football At 41

    Zlatan Ibrahimovic Retires From Football At 41

    Marco Asensio departs Real Madrid, joins Paris Saint-Germain

    Marco Asensio departs Real Madrid, joins Paris Saint-Germain

    FA Cup: Micah Richards Predicts Scoreline Of Man City VS Man Utd

    FA Cup: Micah Richards Predicts Scoreline Of Man City VS Man Utd

    FA Cup final: They’ll Wipe Floor With Them – Chris Sutton Predicts Man City vs Man Utd Match

    FA Cup final: They’ll Wipe Floor With Them – Chris Sutton Predicts Man City vs Man Utd Match

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    Tears As Five Corps Members Die In Road Crash (Photos)

    Tears As Five Corps Members Die In Road Crash (Photos)

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    PDP lost for APC to get second chance to repent from their sins – Wike

    PDP lost for APC to get second chance to repent from their sins – Wike

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Lagos varsity student shot dead over stolen phone

    Lagos varsity student shot dead over stolen phone

    Benzema, Messi set for Saudi moves – Report

    Benzema, Messi set for Saudi moves – Report

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

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  • HOME
  • NEWS
    Tears As Five Corps Members Die In Road Crash (Photos)

    Tears As Five Corps Members Die In Road Crash (Photos)

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    PDP lost for APC to get second chance to repent from their sins – Wike

    PDP lost for APC to get second chance to repent from their sins – Wike

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Lagos varsity student shot dead over stolen phone

    Lagos varsity student shot dead over stolen phone

    Benzema, Messi set for Saudi moves – Report

    Benzema, Messi set for Saudi moves – Report

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

  • ENTERTAINMENT
    • All
    • Comedy
    • Gist / Viral
    • Music
    • Nollywood
    • Reality TV Show
    “Korra won’t like this” – Netizens reacts to new video of Justin Dean and US Singer Paris Hilton

    “Korra won’t like this” – Netizens reacts to new video of Justin Dean and US Singer Paris Hilton

    Davido describes Burna Boy, others as ‘new cat’, hails career success of Wizkid (Video)

    Davido describes Burna Boy, others as ‘new cat’, hails career success of Wizkid (Video)

    Odumodublvck leaks chat with West Ham captain, Declan Rice, as he’s set to host him in London

    Odumodublvck leaks chat with West Ham captain, Declan Rice, as he’s set to host him in London

    “I forgive you, please” – Papaya’s ex-boyfriend, Toblad says as he begs for reconciliation

    “I forgive you, please” – Papaya’s ex-boyfriend, Toblad says as he begs for reconciliation

    "I was so broke, I had to close my account" – Singer Joeboy on bankruptcy

    “I was so broke, I had to close my account” – Singer Joeboy on bankruptcy

    Tears As Five Corps Members Die In Road Crash (Photos)

    Tears As Five Corps Members Die In Road Crash (Photos)

    The One God Has Shown Mercy - Actress, Amarachi Igidimbah Grateful As She Celebrate 32nd Birthday With Stunning Photos5

    “The One God Has Shown Mercy” Actress, Amarachi Igidimbah Grateful As She Celebrate 32nd Birthday With Stunning Photos

    Nigerian man fails to appear in court for divorce hearing due to lack of transport fare

    Nigerian man fails to appear in court for divorce hearing due to lack of transport fare

    Tonto Dikeh stirs reaction as she flaunts mystery man at her 38th birthday party (Video)

    Tonto Dikeh stirs reaction as she flaunts mystery man at her 38th birthday party (Video)

    • Reality TV Show
    • Nollywood
    • Comedy
    • Music
  • GIST / Social Media drama
    Tears As Five Corps Members Die In Road Crash (Photos)

    Tears As Five Corps Members Die In Road Crash (Photos)

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    PDP lost for APC to get second chance to repent from their sins – Wike

    PDP lost for APC to get second chance to repent from their sins – Wike

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Lagos varsity student shot dead over stolen phone

    Lagos varsity student shot dead over stolen phone

    Benzema, Messi set for Saudi moves – Report

    Benzema, Messi set for Saudi moves – Report

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

  • SPORTS
    Barcelona Release Statement On Messi’s Decision To Join Inter Miami

    Barcelona Release Statement On Messi’s Decision To Join Inter Miami

    Former Chelsea Midfielder, Jacob Mellis Now Homeless

    Former Chelsea Midfielder, Jacob Mellis Now Homeless

    Peseiro consoles Flying Eagles after World Cup ouster

    Peseiro consoles Flying Eagles after World Cup ouster

    Jim Hines, first sprinter to run 100m under 10 seconds, dies

    Jim Hines, first sprinter to run 100m under 10 seconds, dies

    “We Can’t Be Happy” – Ancelotti Reacts As Benzema Leaves Real Madrid

    “We Can’t Be Happy” – Ancelotti Reacts As Benzema Leaves Real Madrid

    Zlatan Ibrahimovic Retires From Football At 41

    Zlatan Ibrahimovic Retires From Football At 41

    Marco Asensio departs Real Madrid, joins Paris Saint-Germain

    Marco Asensio departs Real Madrid, joins Paris Saint-Germain

    FA Cup: Micah Richards Predicts Scoreline Of Man City VS Man Utd

    FA Cup: Micah Richards Predicts Scoreline Of Man City VS Man Utd

    FA Cup final: They’ll Wipe Floor With Them – Chris Sutton Predicts Man City vs Man Utd Match

    FA Cup final: They’ll Wipe Floor With Them – Chris Sutton Predicts Man City vs Man Utd Match

  • Articles & Editorials
    Tears As Five Corps Members Die In Road Crash (Photos)

    Tears As Five Corps Members Die In Road Crash (Photos)

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

    PDP lost for APC to get second chance to repent from their sins – Wike

    PDP lost for APC to get second chance to repent from their sins – Wike

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Biafra freedom non-negotiable – Nnamdi Kanu vows

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Pastor sentenced to death for killing pregnant choir mistress, two others

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Fuel subsidy: NLC, TUC suspend planned nationwide strike

    Lagos varsity student shot dead over stolen phone

    Lagos varsity student shot dead over stolen phone

    Benzema, Messi set for Saudi moves – Report

    Benzema, Messi set for Saudi moves – Report

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

    Fuel Subsidy: Oshiomhole Rules Out Return To Old Price, As TUC Insists On N194/liter

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Twitter expresses interest in buying TikTok’s U.S. operations

Olumide by Olumide
August 9, 2020
in News, Technology
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Twitter expresses interest in buying TikTok’s U.S. operations
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Twitter Inc. has approached TikTok’s Chinese owner ByteDance to express interest in acquiring the U.S. operations of the video-sharing app, two people familiar with the matter said, as experts raised doubts over Twitter’s ability to put together financing for a potential deal.

It is far from certain that Twitter would be able to outbid Microsoft Corp. and complete such a transformative deal in the 45 days that U.S. President Donald Trump has given ByteDance to agree to a sale, the sources said on Saturday.

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 U.S. operations was reported earlier by The Wall Street Journal.

Twitter has a market capitalization of close to $30 billion, almost as much as the valuation of TikTok’s assets to be divested, and would need to raise additional capital to fund the deal, according to the sources.

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Tears As Five Corps Members Die In Road Crash (Photos)

Tragedy As Rainstorm Kills Two, Injures Others In Jigawa

“Twitter will have a hard time putting together enough financing to acquire even the U.S. operations of TikTok. It doesn’t have enough borrowing capacity”, said Erik Gordon, a professor at the University of Michigan.

“If it (Twitter) tries to put together an investor group, the terms will be tough. Twitter’s own shareholders might prefer that management focus on its existing business”, he added.

One of Twitter’s shareholders, private equity firm Silver Lake, is interested in helping fund a potential deal, one of the sources added.

Twitter has also privately made a case that its bid would face less regulatory scrutiny than Microsoft’s, and will not face any pressure from China given that it is not active in that country, the sources said.

TikTok, ByteDance and Twitter declined to comment.

TikTok has come under fire from U.S. lawmakers over national security concerns surrounding data collection.

Earlier this week, Trump unveiled bans on U.S. transactions with the China-based owners of messaging app WeChat and TikTok, escalating tensions between the two countries.

Trump said this week he would support Microsoft’s efforts to buy TikTok’s U.S. operations if the U.S. government got a “substantial portion” of the proceeds. He nevertheless said he will ban the popular app on Sept. 15.

Microsoft said on Sunday it was aiming to conclude negotiations for a deal by mid-September.

AFP

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