Company Check - Trump Says Microsoft in Talks to Buy TikTok

U.S. President Donald Trump has said that Microsoft is in talks to acquire TikTok, the popular social media platform owned by China’s ByteDance.

In a news conference, President Trump suggested that multiple bidders are interested, stating,  “There’s great interest in TikTok”  and indicating that a competitive bidding process could be on the horizon. The comments come as the app faces ongoing regulatory pressure in the U.S. due to national security concerns.

TikTok, which has around 170 million users in the U.S., was briefly taken offline earlier this month after a law came into effect requiring ByteDance to either sell its American operations or face an outright ban. However, President Trump intervened by signing an executive order delaying the enforcement of this law by 75 days, allowing negotiations to continue. Microsoft has yet to comment publicly on the talks, while TikTok and ByteDance have also remained silent on the latest developments.

This isn’t the first time Microsoft has been in the frame to acquire TikTok. Back in 2020, the company was one of the leading contenders when Trump, during his first term, sought to force a sale of TikTok’s U.S. operations due to national security concerns. At that time, Oracle and Walmart were also involved in negotiations, though no deal was ultimately reached. Now, with Trump back in office, Microsoft has once again emerged as a potential buyer.

Other parties are also making moves. AI startup Perplexity AI has reportedly submitted a revised bid to merge with TikTok in a deal that would give the U.S. government up to 50 per cent ownership of the newly formed entity. Under the latest proposal, the U.S. government would receive its stake following an initial public offering (IPO) valued at a minimum of $300 billion. Perplexity has revised its offer based on feedback from the Trump administration, suggesting the White House is actively involved in shaping potential acquisition deals.

Trump has previously floated the idea of other high-profile bidders, including Tesla CEO Elon Musk and Oracle Chairman Larry Ellison, taking over TikTok. However, Musk has yet to publicly express any interest, while Oracle’s role remains unclear. Trump recently told reporters,  “I’ve spoken to many people about TikTok, but not with Oracle.”  Meanwhile, billionaire Frank McCourt has also made a formal offer for the platform.

The next 30 days could be pivotal for TikTok’s future in the U.S., with Trump indicating that discussions are ongoing and a decision is expected soon. With national security concerns cited as being at the heart of the issue, ByteDance remains under pressure to divest its American operations. Whether Microsoft, Perplexity AI, or another bidder ultimately secures control remains to be seen, but the stage is set for a high-stakes battle over one of the world’s most influential social media platforms.