Trump Says Microsoft in Talks to Buy TikTok

U.S. President Donald Trump has said that Microsoft is in talks to acquire TikTok, the popular social media platform owned by China’s ByteDance.

In a news conference, President Trump suggested that multiple bidders are interested, stating, “There’s great interest in TikTok” and indicating that a competitive bidding process could be on the horizon. The comments come as the app faces ongoing regulatory pressure in the U.S. due to national security concerns.