President Donald Trump has stated that Microsoft is discussing acquiring TikTok, expressing his desire for a “bidding war” over the sale. Trump highlighted widespread interest in TikTok from various companies and mentioned that a decision on the app’s future could be made within 30 days. This follows an extended history of Trump and President Joe Biden pressuring ByteDance, TikTok’s Chinese parent company, to divest its U.S. operations due to national security concerns. Microsoft declined to comment on its possible acquisition of TikTok.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump has stated that Microsoft is in discussions to acquire TikTok, expressing
00:07his desire for a bidding war over the sale.
00:10Trump highlighted widespread interest in TikTok from various companies and mentioned that
00:14a decision is on the app's future could be made within 30 days.
00:18This follows an extended history of both Trump and President Joe Biden pressuring ByteDance,
00:22TikTok's Chinese parent company, to divest its U.S. operations due to national security
00:27concerns.
00:28Microsoft declined to comment on this possible acquisition of TikTok.
00:32For all things money, visit Benzinga.com slash GSTV.