Microsoft says it’s in talks to take over TikTok’s American operations.
The company says it’s also spoken with President Donald Trump to address concerns about national security.
The Chinese-owned video-sharing app has faced questions about its data security, censorship policies and possible links to the Chinese government.
Trump claimed on Friday that he would be banning the app in the United States, although a federal committee is still investigating whether that would be legally possible.
However, TikTok claims that data pertaining to American users is held and protected within the country.
Microsoft says the discussions with ByteDance, TikTok’s current owner, would be completed by September 15.
If it goes through, the deal would see Microsoft taking control over the app in the U.S., Canada, Australia and New Zealand.
Microsoft to continue discussions on potential TikTok purchase in the United States. https://t.co/mCDeeVPzyX
— Microsoft (@Microsoft) August 2, 2020