According to reports, Microsoft Corp. is in talks to acquire the U.S. operations of the Chinese-owned video app TikTok, as The U.S. has been investigating potential national security risks due to the Chinese company’s control of the app.
As per Source, a sale to Microsoft would earn TikTok billions of dollars, which will be a win for both TikTok and its parent company, Bytedance Ltd., where executives had feared that the U.S. government would force device makers to take TikTok out of their app stores.
Microsoft is in advanced talks with TikTok, but President Trump said he wasn’t in favor of a deal to let a U.S. company buy the video-sharing app’s American operations: “As far as TikTok is concerned we’re banning them from the United States” https://t.co/xc9Nh5A1gM
— The Wall Street Journal (@WSJ) August 1, 2020
Earlier, President Donald Trump on Friday told reporters he will act as soon as possible to ban Chinese-owned video app TikTok from the United States.
According to reports by CNBC,Trump made the comments while chatting with reporters on Air Force One during the flight back to Washington from Florida.
“As far as TikTok is concerned we’re banning them from the United States,” Trump said, calling the action a “severance.”
Trump did not specify whether he will act through an executive order, or another method. such as a designation, according to NBC News.
“Well, I have that authority. I can do it with an executive order or that,” Trump said.
A TikTok spokesperson told NBC News that the app helped to create jobs across the U.S. and was committed to user privacy.
BREAKING: Trump says he will ban TikTok through executive action as soon as Saturday https://t.co/g8P2cXvFmg
— CNBC Now (@CNBCnow) August 1, 2020
“We’ve hired nearly 1,000 people to our US team this year alone, and are proud to be hiring another 10,000 employees into great paying jobs across the US.,” the spokesperson said in a statement. “Our $1 billion creator fund supports US creators who are building livelihoods from our platform.
“TikTok US user data is stored in the US, with strict controls on employee access,” the statement said. “TikTok’s biggest investors come from the US. We are committed to protecting our users’ privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform.”