The President of the United States of America, Donald Trump on Monday revealed that Microsoft is in talks to acquire TikTok. This is coming on the heels of TikTok’s future in the country faces uncertainty.
ISUIKWUATO VOICE reports that TikTok is facing a US law that ordered the company to divest from its Chinese owner, ByteDance, or be banned in the United States.
Fielding questions on Monday, the newly inaugurated 47th President of the US, Donald Trump, when as asked if Microsoft was in discussion for acquiring TikTok, he said, “I would say yes.”
“There’s a lot of interest in TikTok; there’s great interest in TikTok,” he said.
The President added that a bidding war would also be a good development.
Recall that a law banning the video-sharing platform took effect on January 19. There had been concerns that the Chinese government could exploit the App to spy on Americans or covertly influence US public opinion.
While many feared that the sledgehammer of the law would descend on the video-sharing platform, Trump suspended its implementation. This is even as he gave two and a half months, grace to seek a solution with Beijing.
Recall that TikTok temporarily shut down in the United States on January 18. The network was, however restored following the inauguration of President Trump.
Trump had promised to issue an executive order as soon as he took office to delay the ban. This is to allow time to make a deal.
TikTok credited Trump for restoring service subsequently in the country. Though the outgone Biden administration had earlier said that it would not enforce any ban on TikTok.