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August 3, 2020 02:06 pm

Microsoft Confirms It's in Talks To Buy TikTok from ByteDance, Says Trump is On Board

Microsoft has confirmed that it is in talks to purchase TikTok from its Chinese parent company, ByteDance, and may make moves before summer is out. From a report: The decision, according to Microsoft, follows a conversation between its CEO and President Trump, who just days ago threatened to use an executive order to ban the app from the United States. In a blog post published Sunday night, Microsoft also said it may "invite other American investors to participate" in the deal, though "on a minority basis." These discussions will be wrapped up by Sept. 15. TikTok has increasingly come under scrutiny over largely baseless claims that it hands American users' data over to the Chinese government. Detractors say even the potential for that makes the app, best known for viral challenges and teen dance trends, a national security threat. Trump has been among the loudest, though it's been speculated that his most recent outburst was nothing more than a negotiation ploy. Further reading: Chinese internet users brand ByteDance CEO a 'traitor' as TikTok seeks US buyer.

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