Microsoft's interest in TikTok is about bolstering cloud hosting division: Pro

Microsoft is moving forward with talks to buy Chinese-owned short-form video app TikTok. According to the Wall Street Journal, TikTok says it has 100 million U.S. users, with internal revenue projections of one billion dollars this year and six billion by next year. But the talks come amid threats by President Trump to ban the app, with the State Department saying Chinese-owned apps such as TikTok and WeChat were “feeding data directly to the Chinese Communist Party.” Mark Douglas, CEO of advertising software company SteelHouse, and Ed Lee, corporate media reporter for the New York Times, join “Squawk Box” to discuss. Subscribe to CNBC PRO for access to investor and analyst insights on Microsoft and more: https://cnb.cx/3dIH56N

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

For info on the best credit cards go to CNBC Select:
https://www.cnbc.com/select/best-credit-cards/

#CNBC
#CNBCTV