President Donald Trump announced on Monday that Microsoft is currently engaged in discussions to acquire the popular social media platform TikTok. Trump expressed his hope for a bidding war among companies interested in acquiring TikTok, which would allow the Chinese-owned app to continue operating in the United States.
During a press briefing on Air Force One, Trump emphasized his preference for bidding wars, stating that they lead to the best deals. He highlighted the importance of reaching a clear-cut agreement that would involve a significant financial transaction, the preservation of jobs, the maintenance of the platform's operations, and ensuring its security.
Last week, shortly after his inauguration, Trump signed an executive order that delayed the enforcement of a law requiring TikTok to be banned in the US unless it is sold to an American or allied buyer within 75 days. This decision followed an earlier commitment by Trump to postpone the ban's implementation, which allowed TikTok to resume its services after a temporary shutdown.
When asked directly about Microsoft's involvement in the acquisition talks, Trump confirmed that the tech giant was indeed in discussions to purchase TikTok. He acknowledged the significant interest in acquiring the platform and underscored the importance of finding a suitable buyer to ensure its continued operation in the US.
The potential acquisition of TikTok by Microsoft has generated widespread attention and speculation within the tech industry and among policymakers. The outcome of these negotiations could have far-reaching implications for the future of TikTok and its millions of users in the United States.
