President Donald Trump stated on Monday that Microsoft is among US companies exploring the acquisition of TikTok to prevent a potential ban in April. Trump also mentioned other companies vying for TikTok's ownership, expressing his preference for bidding wars to secure the best deals. The US government seeks a 50% stake in the company, currently owned by ByteDance.
In this photo illustration an iPhone displays a popup message on the social media platform TikTok on January 19, 2025 in Washington, D.C. President Donald Trump said Monday evening that Microsoft is among the U.S. companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April.
“I like bidding wars because you make your best deals,” Trump said as he spoke to reporters aboard Air Force One while flying back to Washington from Miami, where Republican House members were holding a conference.In one of his first acts in office last week, Trump extended the deadline for TikTok to find new ownership that satisfies the government by 75 days, to April 4 from January 19.
After the bipartisan law was signed by former President Joe Biden in April, ByteDance said it did not have plans to sell the platform and fought the statute in court for months. China also rebuked Washington over the divestment push, though more recently it appears to be softening its stance.
Microsoft, along with Walmart, made a failed bid for TikTok during Trump’s first term after Trump tried to ban the app. Microsoft CEO Satya Nadella later described it as the “strangest thing I’ve ever worked on.”Racing into trouble: New Washington bill targets chronic speedersChild sex dolls may soon be banned in Washington
TIKTOK MICROSOFT BIDDING WARS DONALD TRUMP US GOVERNMENT
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