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Trump says Microsoft in talks to buy TikTok | |
(14 days later) | |
Trump has previously said that he was in discussions with several parties about purchasing TikTok | Trump has previously said that he was in discussions with several parties about purchasing TikTok |
US President Donald Trump has said Microsoft is in discussions to acquire TikTok and that he would like to see a "bidding war" over the sale of the social media app. | US President Donald Trump has said Microsoft is in discussions to acquire TikTok and that he would like to see a "bidding war" over the sale of the social media app. |
When asked by reporters whether the US tech giant was preparing a bid, Trump replied: "I would say yes" - before adding that there was "great interest in TikTok" from several companies. | When asked by reporters whether the US tech giant was preparing a bid, Trump replied: "I would say yes" - before adding that there was "great interest in TikTok" from several companies. |
Both Trump and his predecessor Joe Biden have been trying for years to force TikTok's Chinese parent company, ByteDance, to sell its US operations on national security grounds. | Both Trump and his predecessor Joe Biden have been trying for years to force TikTok's Chinese parent company, ByteDance, to sell its US operations on national security grounds. |
It comes as Trump signed an executive order last week to delay a Biden Administration ban on TikTok that briefly took the app offline for its 170m users in the United States. | It comes as Trump signed an executive order last week to delay a Biden Administration ban on TikTok that briefly took the app offline for its 170m users in the United States. |
Despite granting TikTok a 75-day reprieve from the ban, Trump had been the first president to start pressuring ByteDance to sell its app. | Despite granting TikTok a 75-day reprieve from the ban, Trump had been the first president to start pressuring ByteDance to sell its app. |
In August 2020, ByteDance approached Microsoft as a possible buyer - something which the US company's chief executive later described as "the strangest thing". | In August 2020, ByteDance approached Microsoft as a possible buyer - something which the US company's chief executive later described as "the strangest thing". |
Later, TikTok chose rival Oracle as a potential partner - although that deal also never happened. | Later, TikTok chose rival Oracle as a potential partner - although that deal also never happened. |
Trump has previously said that he was in discussions with several parties about purchasing TikTok and expects to make a decision on the app's future within the next 30 days. | Trump has previously said that he was in discussions with several parties about purchasing TikTok and expects to make a decision on the app's future within the next 30 days. |
A spokesperson for Microsoft said the company had "nothing to share at this time". The BBC has also reached out to TikTok for comment. | A spokesperson for Microsoft said the company had "nothing to share at this time". The BBC has also reached out to TikTok for comment. |
Earlier on Monday, the US president had addressed a gathering of Republican politicians in Florida and spoke about the proposed sale of TikTok. | Earlier on Monday, the US president had addressed a gathering of Republican politicians in Florida and spoke about the proposed sale of TikTok. |
"We'll see what happens. We're going to have a lot of people bidding on it," he said. | "We'll see what happens. We're going to have a lot of people bidding on it," he said. |
"If we can save all that voice and all the jobs, and China won't be involved, we don't want China involved, but we'll see what happens," he added. | "If we can save all that voice and all the jobs, and China won't be involved, we don't want China involved, but we'll see what happens," he added. |
Previous names linked with buying TikTok include billionaire Frank McCourt and the Canadian businessman Kevin O'Leary - a celebrity investor on Shark Tank, the US version of Dragon's Den. | Previous names linked with buying TikTok include billionaire Frank McCourt and the Canadian businessman Kevin O'Leary - a celebrity investor on Shark Tank, the US version of Dragon's Den. |
The biggest YouTuber in the world Jimmy Donaldson - AKA MrBeast - has also claimed he is in the running after a number of investors contacted him following an earlier tweet signalling his interest. | The biggest YouTuber in the world Jimmy Donaldson - AKA MrBeast - has also claimed he is in the running after a number of investors contacted him following an earlier tweet signalling his interest. |