Microsoft may buy TikTok, Negotiation Continue

Microsoft, an IT sector major, has said that it will continue negotiations to buy the US business of China-owned video-sharing app TikTok. The company said this after a conversation between its Indian-origin CEO Satya Nadella and President Donald Trump. This statement from Microsoft came after a statement by Trump. Trump has said that he can use emergency economic powers or government orders to ban TikTok in the US on issues related to national security.

Microsoft said in a statement released on Sunday that after negotiations between Nadella and Trump it was ready to continue discussions on the possibility of purchasing TikTok in the US. He said that he would begin negotiations with Bytedance, TikTok parent company, as soon as possible and would complete the negotiations by 15 September. The company said, “During this process Microsoft will continue to negotiate with the US government, including President Trump.

Trump last week threatened to ban a video-sharing app widely popular among people. Concerns were raised in the US administration after reports of this app posing a threat to national security.

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