President Trump confirmed that Microsoft is in negotiations to acquire TikTok's U.S. operations amidst ongoing interest from various bidders. This follows previous efforts by Microsoft and Oracle in 2020 to take over the app amid concerns about its Chinese ownership. Recently, Trump delayed the TikTok ban enforcement by 75 days to allow for further negotiations, emphasizing the ongoing uncertainty surrounding the app's future in the U.S. In addition to Microsoft, a proposal from Perplexity AI and offers from others, including Frank McCourt, have emerged, reflecting the competitiveness of the situation.
President Trump stated that there's notable interest in TikTok, indicating that several bidders could emerge for its U.S. operations, especially after Microsoft's previous attempts.
Trump recently signed an executive order to extend the TikTok ban deadline, showing a shift in the government's approach while the app remains missing from app stores.
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