Trump Says Microsoft Is One Of Multiple Companies Eyeing TikTok Purchase
Microsoft is one of multiple companies looking to strike a deal to take ownership of the popular social media app TikTok, according to United States president Donald Trump. Asked on Monday aboard Air Force One if Microsoft was in the mix to make a deal, Trump told reporters, including the AP, "I would say yes."
In 2020, Microsoft officially announced plans to buy TikTok, which sent the company's share price surging. Microsoft later abandoned its buyout attempt, with CEO Satya Nadella saying the deal was the "strangest thing I've ever worked on." Now, Microsoft may be back at the negotiating table.
Trump said other companies are in the mix to buy TikTok as well, but he didn't name them outright. It was previously reported that Activision founder Bobby Kotick was assembling an investment group to buy TikTok. The AI company Perplexity has also discussed a potential deal that would give the US government a 50% ownership stake in TikTok.
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