President Trump told reporters Monday that Microsoft is in talks to acquire TikTok and that he would like to see a bidding war over the popular app.
Donald Trump seeks a "bidding war" for the app after years of pressure on ByteDance to sell its US operations over security concerns.
Microsoft, which declined to comment on the president’s remarks, had discussed buying TikTok in 2020, when Trump tried to force a sale of the app in his first term.
Considering Microsoft ends up buying TikTok, the company might be able to use the platform to boost its existing services, such as Bing Search. Bing Search is the main competitor to Google Search, and it has been rising in popularity for the last few years due to its quest to decentralize the search engine market.
President Trump said he “would say yes” to Microsoft buying TikTok but maintained that there are many interested parties that will be bidding to buy the app before a 75-day extension to decide its fate expires in April.
President Trump tells reporters on Air Force One that Microsoft is the latest contender in the race to buy TikTok's US operations.
With the clock ticking on TikTok's existence in the US, President Donald Trump claims Microsoft is interested in acquiring the social media platform.
President Trump reveals Microsoft is in talks to acquire TikTok after the app briefly went offline amid a looming ban over data concerns.
This story incorporates reporting from ABC, Shacknews and USA Today.President Donald Trump announced earlier this week that Microsoft is engaged in discussions with ByteDance to acquire TikTok.
President Donald Trump says Microsoft is among the U.S. companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April
Microsoft reportedly has an interest in acquiring TikTok. According to BBC, President Donald Trump has revealed the tech company would like to purchase the platform and adds that there is “great interest in TikTok” from several companies.