Microsoft confirmed talks between CEO Satya Nadella and President Trump and said the tech giant is 'committed' to acquiring TikTok.
, officials from the big tech company and well as executives representing TikTok have been in discussions with the White House to prevent the Trump administration from issuing a complete ban of the app, FOX Business has learned.Those discussions come as President Trump is poised to issue an order that could ban the app from being used in the U.S. over security concerns or allow a U.S.-based company to buy the outfit, pending a security review.
"Microsoft fully appreciates the importance of addressing the President's concerns," the company said in a statement. "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." The Trump administration has been weighing TikTok's fate since last year, launching an investigation into the short video company amid fears that its Bejing-based parent ByteDance shares customer information with the Communist Chinese government.
As first reported by FOX Business, ByteDance entered into talks about a month ago with Microsoft to buy TikTok's U.S. operations as a way to save the business from a decision by the administration that would prevent the popular app from being used by U.S. consumers.Microsoft has not made a final decision on buying TikTok's U.S. business, and even with a green light from the White House, it could still walk away, these people add. People close to TikTok say other potential U.S.
Over the weekend, as the administration weighed TikTok's fate, two powerful GOP lawmakers, Sens. Marco Rubio of Florida and Lindsey Graham of South Carolina voiced support for the administration's review of TikTok as well as for the Microsoft purchase as a way to allow TikTok's 80 million U.S. users to continue to use the app.
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