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Tuesday, February 4, 2025

Trump Says Microsoft Considering TikTok Bid

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Trump stated there’s been ‘a variety of curiosity in TikTok’ however didn’t specify which different corporations are serious about shopping for the Chinese language-owned app.

President Donald Trump stated on Monday that Microsoft is likely one of the corporations serious about shopping for TikTok, because the video-sharing app faces a possible nationwide ban in the US.

Talking to reporters aboard Air Pressure One, the president was requested if Microsoft is in talks to accumulate the Chinese language-owned app, to which he replied, “I’d say sure.”

Trump added that there was “a variety of curiosity in TikTok” however didn’t supply particulars about different corporations serious about buying it.

“I like bidding wars since you make your greatest deal. So if there’s a bidding warfare, that’s a very good factor,” the president instructed reporters.

The Epoch Occasions has reached out to each TikTok and Microsoft for remark however didn’t hear again by publication time.

TikTok was briefly shut down in the US on Jan. 19, simply hours earlier than a regulation signed by then-President Joe Biden took impact. The regulation required TikTok’s China-based guardian firm, ByteDance, to divest its U.S. property on nationwide safety grounds or face a nationwide ban.

The app returned on-line after Trump signed an government order on Jan. 20, the day of his inauguration, calling for a 75-day pause on the enforcement of the federal divest-or-ban regulation.

Trump stated the pause would enable his administration a chance “to find out the suitable course ahead in an orderly means that protects nationwide safety whereas avoiding an abrupt shutdown of a communications platform utilized by thousands and thousands of People.”

Throughout his first time period in 2020, Trump issued an government order requiring TikTok’s China-based guardian firm to divest its U.S. property. Microsoft turned one of many potential patrons and entered talks, however the deal ultimately fell by way of, with Microsoft CEO Satya Nadella describing it because the “strangest factor” he had ever labored on. Trump’s divestment push ended by the point he left workplace in January 2021, and no potential suitor ended up buying the app.

Trump instructed reporters on Jan. 21 that he anticipates a deal the place the US would maintain a 50 % stake in TikTok. He stated the US “will make it very worthwhile for them [ByteDance] by way of the permits and the whole lot else.”

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“So what I’m occupied with saying to anyone is, ‘Purchase it and provides half to the US of America, and we’ll provide the allow,’ they usually’ll have a fantastic accomplice,” Trump stated.

The president has stated that he could be open to billionaire Tesla CEO Elon Musk or Oracle Chairman Larry Ellison shopping for the app. Jimmy Donaldson, a distinguished YouTuber generally known as MrBeast, stated he had teamed up with “a bunch of billionaires” to accumulate TikTok.
ByteDance has not but indicated whether or not it is going to promote TikTok, whereas the Chinese language international ministry has urged that China’s ruling regime could not oppose such a deal.
TikTok has confronted scrutiny amid issues that the Chinese language Communist Celebration (CCP) may doubtlessly acquire entry to U.S. client information and the algorithm owned by ByteDance. Officers have pointed to Beijing’s counterespionage regulation, which requires all entities in China to legally hand over consumer information if the CCP authorities request it. ByteDance has repeatedly maintained that it is not going to share U.S. consumer information with the CCP.

Katabella Roberts and Reuters contributed to this report.

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