President Donald Trump has revealed that Microsoft is in discussions to acquire China’s TikTok, potentially saving it from a ban in the United States. Microsoft is just one of several offers already on the table for the popular social media platform whose owner, ByteDance, faces a sell-or-ban order.
The Washington Post reports that in a significant development for the future of the embattled social media platform TikTok, President Donald Trump disclosed on Monday night that tech giant Microsoft is actively engaged in negotiations to purchase the app. Speaking to reporters aboard Air Force One, Trump expressed his enthusiasm for the potential deal, stating, “I would say yes. A lot of interest in TikTok.”
The revelation comes amidst ongoing concerns over TikTok’s Chinese ownership and the potential national security risks associated with the app’s data collection practices. In 2020, during his first term, Trump had attempted to force a sale of TikTok, but the effort ultimately failed when courts rejected his push for a sale or outright ban.
Microsoft, with a market value exceeding $3 trillion, possesses the financial resources to acquire TikTok and is likely to face fewer antitrust hurdles compared to other tech giants such as Meta and Google. The company has been aggressively expanding into new business areas, including AI and gaming, making the acquisition of TikTok a strategic move.
Trump, known for his fondness of competitive bidding, remarked, “I like bidding wars because you make the best deal. So if we have a bidding war, that’s a good thing. But we have a lot of interest in it.” The president emphasized his desire for the United States to benefit from any potential deal, stating, “I’d only do it if the United States benefits. And if we can save it, I think that would be a great thing. And I think it would be economically good for America.” […]
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