President Donald Trump announced that Microsoft is among the U.S. companies interested in acquiring TikTok to prevent a potential ban that could come into effect in April. Trump confirmed that Microsoft is one of the companies looking to facilitate a change in TikTok's ownership, a requirement mandated by Congress to ensure the app's continued operation in the U.S. He mentioned that there are other companies also considering purchasing TikTok, but did not disclose their identities.
Trump expressed his preference for bidding wars, stating that they lead to favorable deals. Microsoft chose not to comment on the matter, while representatives for TikTok did not immediately respond to requests for comment.
