Microsoft, an IT sector major, has said that it will continue negotiations to buy the US business of China-owned video-sharing app TikTok. The company said this after a conversation between its Indian-origin CEO Satya Nadella and President Donald Trump. This statement from Microsoft came after a statement by Trump. Trump has said that he can use emergency economic powers or government orders to ban TikTok in the US on issues related to national security.
Microsoft, headquartered in Redmond, said in a statement on Sunday that it was willing to continue discussions on the possibility of buying TikTok in the US following the talks between Nadella and Trump. She said that she would begin negotiations with TikTok parent company ByteDance as soon as possible and would complete the negotiations by 15 September. The company said, "During this process Microsoft will continue to negotiate with the US government, including President Trump.
Trump last week threatened to ban a video-sharing app widely popular among people. Concerns were raised in the US administration after reports of this app posing a threat to national security.
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