Donald Trump Says Microsoft Is In Talks To Acquire TikTok

US President Donald Trump told reporters on Monday that Microsoft is in talks to acquire TikTok and that he would like to see a bidding war over the app.

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

TikTok, which has about 170 million American users, was briefly taken offline just before a law requiring its Chinese owner ByteDance to either sell it on national security grounds or face a ban took effect on January 19.