Technology giant Microsoft has said it will continue talks to purchase the popular Chinese-owned video-sharing app TikTok’s American business after its India-born CEO Satya Nadella and President Donald Trump had a conversation.
The statement from Microsoft came days after Trump said that he could use the emergency economic powers or an executive order to ban TikTok in the US over national security issues.Redmond-headquartered Microsoft, in a statement on Sunday, said that following a conversation between Nadella and Trump, it is prepared to continue discussions to explore a purchase of TikTok in the US. “Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the US, including the US Treasury,” the statement said. Microsoft will move quickly to pursue discussions with TikTok’s parent company ByteDance in a matter of weeks and will complete these discussions in any event by Sep 15, it said.”During this process, Microsoft looks forward to continuing dialogue with the United States Govt, including with the President,” the company said.
