Microsoft in talks to buy TikTok, Trump says

President Trump confirmed Monday that Microsoft is in discussions to acquire TikTok, the popular social media app with roughly 170 million American users.

The announcement comes just days after TikTok briefly went offline as a new law requiring its sale to a U.S.-based company or a nationwide ban approached its enforcement deadline.

Trump also suggested he’d like to see a bidding war for TikTok, which has become a centerpiece in debates over data privacy and national security. 

While no decision has been made, the president indicated he expects a resolution within the next 30 days, Reuters reported.

What’s next for TikTok?

Why you should care:

The situation remains fluid, with Microsoft currently emerging as the leading contender to acquire TikTok’s U.S. operations. Trump’s suggestion of a bidding war implies other parties may still be in the mix, but it remains unclear who else is involved.

This is a breaking story. Updates will follow as new details emerge.

This story is breaking. Please check back for updates. 

The Source: This article is based on reporting by Reuters and FOX News. Reuters reported on President Trump’s announcement that Microsoft is in discussions to acquire TikTok and provided details on the potential sale. Additional context on the app’s brief outage and the delayed enforcement of a sale was also reported by FOX News.

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