President Donald Trump mentioned on Monday that Microsoft is in talks to acquire TikTok shortly after the app went offline for U.S. users last week. He suggested there could be a bidding war over the popular social media platform, which has about 170 million American users.
Earlier, Trump said he was discussing potential acquisitions with several parties and expects to make a decision on TikTok’s future within the next 30 days, according to Reuters. The app briefly went dark before a law requiring ByteDance to either sell it or face a ban took effect on January 19.
The new law, signed by Trump after taking office on January 20, was delayed in effect for 75 days due to concerns that TikTok might misuse user data.
Source: https://www.foxbusiness.com/technology/trump-says-microsoft-talks-acquire-tiktok