Microsoft CEO Satya Nadella is pushing forward with plans to acquire TikTok after a conversation with President Trump.Credit:Bloomberg
He had also been considering options over the past few days to force Beijing-based parent company ByteDance to divest in TikTok in the US due to national security concerns,according to people familiar with the talks who spoke on the condition of anonymity because they were not authorised to discuss them publicly.
Microsoft confirmed that it will"move quickly"on discussions with ByteDance and said it has given the US government notice of a possible acquisition of the US assets of TikTok.
This the first time Microsoft has confirmed that the company is in talks for Microsoft to purchase TikTok operations in the US,Canada,Australia and New Zealand.
"This new structure would build on the experience TikTok users currently love,while adding world-class security,privacy,and digital safety protections,"the tech giant said in its post.
TikTok and the White House did not immediately respond to requests for comment.
Buying TikTok would shift the tech landscape in the US and put Microsoft in a powerful position to compete with Facebook and Google. Microsoft has focused mainly on enterprise software for the past decade,though it does own professional networking site LinkedIn.
The continuing discussions,which Microsoft said it expected to conclude by September 15,hinged largely on buy-in from the Trump administration.