In a recent revelation, President Donald Trump indicated that Microsoft might be planning to acquire TikTok from ByteDance. The popular short-video streaming app was given clearance to restart operations within the U.S., following the lifting of the ban on January 19, 2025. However, Trump has emphasized that for TikTok to operate permanently in the country, its ownership must be shifted to a U.S.-based entity.
Is Microsoft buying TikTok?
Microsoft is likely in the race to buy TikTok. The update was provided by President Donald Trump.
During his flight from Washington to Miami, it’s said that Trump was questioned if Microsoft might acquire TikTok. As reported by AP News, Trump promptly responded to the reporters, expressing his approval for such a move: “I would say yes. I enjoy bidding wars because you get your best deals.
However, Microsoft and TikTok have not made any comment on Trump’s statement.
The news follows Trump’s decision to lift the ban on TikTok within the country before he leaves office, enabling it to carry on operating. Previously, TikTok, a platform owned by ByteDance (a Chinese corporation), was facing a potential ban at the beginning of 2025 due to recent legislation.
Under this law, TikTok was ordered to halt its activities within the nation due to concerns over potential threats to national security raised by lawmakers. Furthermore, for TikTok to continue operating in the U.S., it must transfer its ownership to a domestic entity by January 19, as specified by the legislation.
Initially, TikTok didn’t meet the set conditions and faced a ban. Fourteen hours post the ban, Trump posted on Truth Social expressing his intention to issue an executive order on Monday, extending the time before the law’s restrictions kick in. This would give us a chance to negotiate and safeguard our national security. Ideally, I’d like the U.S. to hold a 50% stake in a joint venture with TikTok, ensuring its survival, maintaining control, and keeping it thriving.
Read More
- Poll Result: Bagheera, Bhairathi Ranagal or UI? Netizens pick the Best Kannada film released in 2024
- Bitcoin Long-Term Holders Shift to Ethereum, ETH Price ATH Soon?
- W PREDICTION. W cryptocurrency
- What Happened to Richard Perry? ‘You’re So Vain’ Music Producer Passes Away
- Destiny 2 “dangerously” low player count sounds alarm bells game is “dying”
- How much is Ajith Kumar’s fee for Adhik Ravichandran’s Good Bad Ugly?
- Bridgewater Founder Advocates “Hard Money” Like Gold and Bitcoin Over Debt
- Sebastian Harrison Confronts LA Fire, Narrowly Escapes Death
- A Man on the Inside Season 2 Gets Positive Update From Creator
- Here’s Why Adin Ross Deleted His 100K Member Community on X
2025-01-28 22:11