Microsoft said it was continuing talks with Chinese-owned video sharing app TikTok to purchase its US operations, following a meeting with President Donald Trump.
Microsoft said Sunday, August 2, it was continuing talks with Chinese-owned video sharing app TikTok to purchase its US operations, following a meeting with President Donald Trump.
"Following a conversation between Microsoft CEO Satya Nadella and President Donald J Trump, Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States," the company said in a statement. Trump has threatened to bar the wildly popular app in the United States, citing national security concerns, and Secretary of State Mike Pompeo said earlier Sunday that the president was set to announce strong action against TikTok."And so he will take action in the coming days with respect to a broad array of national security risks that are presented by software connected to the Chinese Communist Party," he added.
Earlier media reports had suggested Trump would require that the app's US operations be divested from its Chinese owner ByteDance. But The Wall Street Journal reported Saturday that Microsoft's plans to buy TikTok's US operations were on hold after Trump's threat to bar the app. – Rappler.com
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump to order Chinese firm to divest TikTok – reportsPresident Donald Trump was preparing an order requiring TikTok to be divested from its Chinese parent firm on national security grounds.
Read more »
Trump says will bar TikTok from US
Read more »
Trump says he will bar TikTok from USPresident Donald Trump said he will bar TikTok from the United States as American authorities raised concerns the service could be used by Chinese intelligence. This is a developing story. Refresh this page for updates.
Read more »
TikTok sale uncertain as Trump ban looms — reportsSAN FRANCISCO, United States — Negotiations for Microsoft to buy the US operations of Chinese-owned TikTok are on hold after President Donald Trump threatened to bar the social media app and
Read more »
Microsoft in advanced talks to buy TikTok’s US businessNEW YORK — Microsoft is in advanced talks to buy the U.S. operations of TikTok, the popular Chinese-owned video app that has been a source of national security and censorship concerns, according
Read more »
TikTok sale uncertain as Trump ban looms — reportsSAN FRANCISCO, United States — Negotiations for Microsoft to buy the US operations of Chinese-owned TikTok are on hold after President Donald Trump threatened to bar the social media app and
Read more »