Microsoft trying to buy TikTok after conversation with Trump
Microsoft said Sunday (US time) it will continue talks to buy video app TikTok after CEO Satya Nadella spoke with President Donald Trump.
Microsoft said in a blog post that Nadella and Trump had spoken and that the company is committed to addressing Trump’s concerns about the social media platform. Trump previously said he was not in favour of a deal and planned to ban TikTok in the United States and has been weighing options over the past few days to force Beijing-based parent company ByteDance to divest in TikTok in the US.
Microsoft confirmed that it will “move quickly” on discussions with ByteDance and said it has given the US government notice of a possible acquisition of the US assets of TikTok.
This the first time that Microsoft has confirmed its talks to purchase TikTok operations in the US, Canada, Australia and New Zealand after days of speculation.
More to come