The rumors were right--Microsoft has now confirmed that it is pursuing an acquisition of the viral app TikTok. The Xbox company said in a blog post that it is "committed to acquiring TikTok" pending a review of the "security" of the app. US President Donald Trump has expressed concerns about TikTok, and in particular its ownership by a Chinese company, ByteDance. Trump has suggested that he may attempt to order ByteDance to divest its US ownership.
Trump and Microsoft CEO Satya Nadella recently spoke about the matter, and Microsoft says it will move to address Trump's issues with the app. Microsoft will continue to work with the US government and Trump during the acquisition discussions, the statement said.
"Microsoft fully appreciates the importance of addressing the President's concerns," a spokesperson for Microsoft said. "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 will move quickly to pursue discussions with TikTok's parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020," the statement added. "During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President."
Trump and Microsoft CEO Satya Nadella recently spoke about the matter, and Microsoft says it will move to address Trump's issues with the app. Microsoft will continue to work with the US government and Trump during the acquisition discussions, the statement said.
"Microsoft fully appreciates the importance of addressing the President's concerns," a spokesperson for Microsoft said. "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 will move quickly to pursue discussions with TikTok's parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020," the statement added. "During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President."