Microsoft Corp (NASDAQ: MSFT) is in talks to acquire ByteDance Ltd-owned TikTok US arm, President Donald Trump said. TikTok has 170M US users, accounting for 4% of the US digital ad market. Other bidders include AI startup Perplexity and Frank McCourt.

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According to Reuters, the deal being negotiated by the White House would see ByteDance retaining a stake in the company — either the U.S. or global operations — but data collection and software updates would be overseen by Oracle, which already provides hosting for TikTok.

U.S. President Donald Trump confirmed Monday that Microsoft Corporation (NASDAQ: MSFT) is in discussions to acquire TikTok, aiming to keep the popular social media app under American ownership. Trump expressed interest

President Donald Trump says Microsoft (MSFT) is in talks to buy TikTok, according to a report from Reuters. Microsoft taking over TikTok would eliminate concerns about the social media platform's current parent company,

The Trump administration is negotiating a plan to save TikTok by involving Oracle (NYSE:ORCL) and U.S. investors to oversee the apps global operations, according to NPR. ByteDance, TikToks China-based parent company,

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Microsoft and TikTok did not immediately respond to Reuters' requests for a comment outside regular business hours.

U.S. President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do so.

WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.

TikTok's fate remains uncertain as Apple, Google, and Oracle have differing approaches due to their interests. Trump's support for Oracle and potential buyers adds to the drama.

Investing.com-- U.S. President Donald Trump confirmed on Monday that Microsoft Corporation (NASDAQ: MSFT) was in talks over buying TikTok, and that he wanted to see a bidding war to keep the social media app in the U.S.