Negotiations would involve a 'complete security review' and a promise that all user data would be stored in the US.
The Chinese-owned short-video app TikTok could be sold to Microsoft after an apparent change of mind by President Trump.from the US because of concerns about the data of US users and appeared to dismiss the idea of a takeover by an American company.
The US has repeatedly warned of a security threat from Beijing and accused it of billions of dollars' worth of intellectual property theft. China has denied the claims. But following a discussion between President Trump and Microsoft CEO Satya Nadell on Sunday, the tech giant said it had been given the go ahead to negotiate a complete buyout with TikTok's parent company ByteDance with discussions completed"no later than 15 September".
The negotiations will be overseen by the Committee on Foreign Investment in the United States, a government panel that has the right to block any agreement, according to the sources, who requested anonymity ahead of a White House announcement.In a statement Microsoft said:"Microsoft fully appreciates the importance of addressing the President's concerns.
Under the proposed deal, Microsoft said it would take over TikTok's operations in the United States, Canada, Australia and New Zealand.
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