Trump says Microsoft in discussions to acquire TikTok ...Middle East

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TikTok is facing down a US law that ordered the company to divest from its Chinese owner ByteDance or be banned in the United States.

“There’s a lot of interest in TikTok, there’s great interest in TikTok,“ he added aboard Air Force One.

A law banning the video-sharing platform took effect January 19 over concerns that the Chinese government could exploit it to spy on Americans or covertly influence US public opinion.

Microsoft is among likely buyers who would have a reason to invest in TikTok, said Angelo Zino at CFRA Research.

TikTok temporarily shut down in the United States as the deadline for the law approached.

TikTok restored service subsequently in the country, crediting Trump for making the reversal possible -- though the outgoing Biden administration had earlier said that it would not enforce any ban.

In his first White House stint, Trump had attempted to ban TikTok in the United States on national security concerns.

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