United States President Donald Trump has agreed to allow Microsoft to negotiate the acquisition of the popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said Sunday.
The move represents a radical change for Trump and prompted the American tech giant to declare his interest in the successful social media deal that could further inflame relations between the United States and China. Trump said Friday that he planned to ban TikTok amid concerns that his Chinese property poses a national security risk due to the personal data he handles.
The proposed acquisition of TikTok, which has 100 million US users, would offer Microsoft a rare opportunity to become a major competitor to social media giants like Facebook and Snap. Microsoft also owns the professional social media network LinkedIn.
Trump had scrapped the idea of a sale to Microsoft on Friday. But after a discussion between Trump and Microsoft CEO Satya Nadella, the Redmond, Washington-based company, said in a statement Sunday that it would continue negotiations to acquire TikTok from ByteDance, and that it was aimed at reaching an agreement. before September 15.
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