Trump Confirms Microsoft in Talks to Acquire TikTok; Expects Bidding War in 30 Days

Jan 27, 2025, 10:48 PM

President Donald Trump announced that he is in discussions with multiple parties regarding the sale of TikTok, with a decision expected within the next 30 days. Trump confirmed that Microsoft is among the interested companies but denied speaking with Oracle's Larry Ellison about a potential acquisition. He stated that he anticipates a competitive bidding process for the popular social media app, emphasizing that he does not want China involved in TikTok's future operations in the United States. The potential acquisition comes as the app's Chinese parent company, ByteDance, faces pressure to divest its U.S. operations to avoid a ban.