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According to Trump, Microsoft is negotiating to buy TiKtok.
U.S. President Donald Trump confirmed that Microsoft is in talks to acquire the social media app TikTok. He suggested that other parties may also be interested in purchasing the platform, sparking potential bidding. TikTok, owned by the Chinese company ByteDance, has about 170 million American users. The app briefly went offline before a law requiring ByteDance to sell it, or face a ban due to national security concerns, took effect on January 19. Trump signed an executive order delaying enforcement by 75 days to allow for negotiations. A decision on TikTok's future in the U.S. is expected within 30 days.
BAKU – U.S. President Donald Trump confirmed on Monday that Microsoft is currently in discussions to acquire the popular social media app TikTok. Speaking to reporters, Trump expressed his interest in seeing a bidding war over the platform, suggesting that multiple parties might be interested in purchasing it.
Neither Microsoft nor TikTok immediately responded to requests for comment outside regular business hours. However, Trump has previously stated that he is in talks with several groups regarding the app’s future and expects to make a final decision within the next 30 days.
TikTok, which has approximately 170 million American users, briefly went offline just before a law took effect on January 19 that requires its parent company, ByteDance, to sell the app or face a ban due to national security concerns. U.S. officials have warned that the Chinese-owned company could potentially misuse Americans’ data, leading to increased scrutiny over its operations.
After taking office on January 20, Trump signed an executive order delaying the enforcement of the law by 75 days, allowing time for potential buyers to negotiate a deal and address security concerns. The future of TikTok in the U.S. remains uncertain as discussions continue.
Source: https://news.google.com/read/CBMiUEFVX3lxTE9NdnhxeGNuUENLQ3dOd1hxRkE4di0yaVlnajhfUndZRW5iSjVZYlVLV3YwSkl5bUtwVE1QTF9mMDEwajk5TzJTTG45cXZoeTlI?hl=en-PH&gl=PH&ceid=PH%3Aen
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