US President Donald Trump confirms Microsoft is in negotiations to purchase TikTok amid ongoing uncertainty surrounding the app's availability in the United States. The announcement comes as TikTok faces a US law requiring it to divest from its Chinese parent company, ByteDance, or risk being banned.
WASHINGTON, D.C. — US President Donald Trump announced on Monday that Microsoft is engaged in talks to acquire TikTok, as the app's future in the country remains uncertain. TikTok is grappling with a US law that mandates the company to separate from its Chinese parent company, ByteDance, or face a ban in the United States. Responding late Monday to queries about Microsoft's potential acquisition of TikTok, Trump told reporters, 'I would say yes.
' He further elaborated, expressing, 'There's a lot of interest in TikTok, there's great interest in TikTok,' while also suggesting that a 'bidding war' would be a positive development. A law prohibiting the video-sharing platform came into effect on January 19th, driven by concerns that the Chinese government could leverage it for espionage against Americans or to subtly sway US public opinion. However, Trump had suspended the law's implementation for two and a half months, aiming to find a resolution with Beijing. Angelo Zino of CFRA Research identified Microsoft as one of the potential buyers who stand to gain from investing in TikTok. Zino believes Microsoft 'has had a desire to get more entrenched into the digital ad space.'TikTok briefly halted its operations in the United States as the deadline for the law approached. Trump subsequently pledged to issue an executive order upon assuming office to postpone the ban, granting time for a 'deal' to be struck. Following this, TikTok resumed service in the country, attributing its restoration to Trump's intervention. Although the outgoing Biden administration had previously stated that it wouldn't enforce any ban, TikTok credited Trump for making the reversal possible. Notably, during his first term in the White House, Trump had attempted to ban TikTok in the United States citing national security concerns
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