Microsoft said Sunday it has discussed with President Trump its plan to acquire TikTok’s U.S. operations, just as the White House threatens to blacklist the hugely popular Chinese-owned app.
“Following a conversation between Microsoft CEO Satya Nadella and President Donald J. Trump, Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States,” the software giant said in a blog post.
It’s Microsoft’s first public acknowledgement that it’s in talks to take over TikTok, a deal that could be worth billions of dollars. News of the talks first trickled out on Friday.
“Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” Microsoft said.