Microsoft Confirms Talks To Acquire TikTok
Microsoft has officially confirmed that it is in talks to acquire the operations of video-sharing platform TikTok in the US, Canada, Australia, and New Zealand markets following a conversation between Microsoft CEO Satya Nadella and President Donald Trump.
"Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States", the tech giant said in a blog post late on Monday.
"Microsoft fully appreciates the importance of addressing the President's concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury", the company said.