US President Donald Trump told reporters on Monday that Microsoft (MSFT.O) is in talks to purchase TikTok and that he would like to see a bidding war for the app.
As previously said, Trump is anticipated to consult with other stakeholders over the acquisition of TikTok before making a decision on the app’s future within the next 30 days.
The app, which has over 170 million users in the US, was temporarily pulled offline just before a rule came into effect on January 19 requiring ByteDance to either sell the app on national security grounds or risk being banned.
Trump tried to delay the law’s implementation by 75 days with an executive order he issued after taking office on January 20. US officials warned that ByteDance posed a risk of exploiting US data; thus, this was done.
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