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Trump – Microsoft Looking to Acquire TikTok from ByteDance

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Donald Trump
United States 47th President Donald Trump announced that tech giant Microsoft is in talks to buy TikTok. This is due to the law banning TikTok or getting sold to an American owner. 

TikTok is facing serious heat from a US law that has ordered the company to divest from its Chinese owner, ByteDance, or be banned in the United States.

President Trump was asked during an interview with the media on Microsoft buying TikTok; his reply was, “I would say yes. There’s a lot of interest in TikTok; there’s great interest in TikTok.”

He also suggested that a bidding war for TikTok’s acquisition will also be a good development.

On January 19, TikTok shutdown operations just a day before Trump’s inauguration. The shutdown was as a result of the bank on the App by the US court over concerns that the Chinese government could exploit it to spy on Americans or covertly influence US public opinion.

tiktok ban

However, Trump then promised to issue an executive order as soon as he took office to delay the ban to allow time to make a deal. This followed an implementation suspension for two and a half months, seeking a solution with Beijing.

TikTok restored service subsequently in the country, crediting Trump for making the reversal possible—though the outgoing Biden administration had earlier said that it would not enforce any ban.

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