Deals
Microsoft Is in Talks to Buy TikTok in U.S.
- TikTok’s ownership by China-based ByteDance sparked concerns
- Trump says he may ban TikTok, but mulling other options
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Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve U.S. government pressure on the Chinese owner of the video-sharing app.
The Trump administration has been weighing whether to direct China-based ByteDance Ltd. to divest its stake in TikTok’s U.S. operations, according to several people familiar with the issue. The U.S. has been investigating potential national security risks due to the Chinese company’s control of the app.