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Microsoft Negotiating to Acquire TikTok’s US Assets, Reveals President Trump

Microsoft Negotiating to Acquire TikTok’s US Assets, Reveals President Trump
Image by rafapress via Depositphotos

Proposed Acquisition of TikTok’s U. S.Operations

Emerging news indicates that Perplexity AI, an artificial intelligence startup, has submitted a proposal to establish a new entity that aims to combine its operations with those of TikTok in the United States. This strategic move could potentially allow the U. S.government to acquire a 50% ownership stake in the newly formed entity once it goes public. Meanwhile, Microsoft has also expressed interest and is reportedly competing in the bidding process.

Trump’s Insights on TikTok Acquisition Talks

President Donald Trump addressed the media while on Air Force One, confirming that Microsoft is engaged in discussions regarding the purchase of TikTok’s U. S.operations from its parent company, ByteDance.“I would say yes. A lot of interest in TikTok. There’s great interest in TikTok, ”Trump revealed, underscoring the high stakes involved in these negotiations.

Legislative Reactions and National Security Concerns

During a meeting with Republican lawmakers in Florida, Trump reiterated, “We’ll see what happens. We’re going to have a lot of people bidding on it, and if we can save all that voice and all the jobs, and China won’t be involved, we don’t want China involved.” This statement mirrors his previous statements advocating for the divestment of TikTok’s U. S.operations, warning that failure to do so could lead to the app being banned over national security issues.

TikTok’s Uncertain Future

Following a temporary ban on January 19, TikTok reemerged after Trump issued an executive order allowing the platform more time to identify a potential buyer. For users who retained the app amidst the uncertainty, functionality remains intact. However, those who deleted TikTok are currently facing challenges, as it remains unavailable for download on the Apple App Store or Google Play Store. Many users are now seeking alternative ways to access TikTok or learning Mandarin to navigate the RedNote app, a Chinese alternative.

Despite speculation surrounding a potential acquisition by tech mogul Elon Musk, it is important to note that such claims lack substantial evidence and remain unfounded rumors. Additionally, Oracle has been implicated in discussions about potentially taking over TikTok’s global operations, adding another layer to this complex situation.

Source: AFP via Barron’s

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