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Microsoft Continuing Discussion on Purchase of Tiktok from ByteDance

Microsoft Continuing Discussion on Purchase of Tiktok from ByteDance

Microsoft says it is still continuing the discussion of potential purchase of TikTok,  after President Donald Trump said he would ban the popular short-form video app from operating in the United States on security risks.

In a blog post Sunday, Microsoft (MSFT) said its CEO Satya Nadella has talked with Trump about buying the app, which is owned by Chinese start-up ByteDance. 

Microsoft stressed that it "fully appreciates the importance" of addressing President Trump's concerns.

"[Microsoft] 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," the company said, adding that it will "move quickly" to talk with ByteDance "in a matter of weeks."

"During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President," the company added.

A full security review of the app will be conducted, the company added.Microsoft emphasised that it would ensure that "all private data of TikTok's American users" was transferred to and remained in the US.

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