Hickory Dickory Dock Will President Trump Buy TikTok

tik tok donald trump

The TikTok vs Donald Trump saga continues.

Donald Trump has reportedly told Microsoft’s CEO he ‘may allow’ the company to buy TikTok in the United States – but only if the app is completely separated from Beijing.

Microsoft Corp said on Sunday that it would continue discussions to acquire TikTok the popular short-video app from Chinese internet giant ByteDance.

The president had threatened to ban it as early as Saturday.

The company made the statement following a conversation between is CEO Satya Nadella and Trump.

It said it would ensure that all private data of TikTok’s American users is transferred to and remains in the United States.

Over the last several months, U.S. officials have repeatedly said TikTok under its current Chinese parent company, Beijing-based software firm ByteDance, poses a national risk because of the personal data it handles.

Leslie Jordan Entertains Via TikTok and Instagram

‘Microsoft fully appreciates the importance of addressing the President’s concerns. 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 said in a statement. The company added that there was no certainty a deal would be reached but that it was aiming to conclude the negotiations by September 15. ByteDance was previously seeking to keep a minority stake in the U.S. business of TikTok, a proposal which the White House had rejected.

Under the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over the social media account in the United States, sources said Saturday.

TikTok is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based internet technology company founded in 2012 by Zhang Yiming. It is used to create short dance, lip-sync, comedy and talent videos. ByteDance first launched Douyin for the Chinese market in September 2016.

ByteDance introduced TikTok outside mainland China in 2017, following the launch of a similar app called Douyin. Months later ByteDance acquired Musical.ly, a separate social-media app that had gained traction with teens, paying a reported $800 million. Facebook had attempted to buy Musical.ly in 2016, BuzzFeed News reported. CNBC reported in October that TikTok had moved into Silicon Valley office space that was once used by Facebook-owned WhatsApp and had started hiring Facebook employees.