Microsoft says it is in between talks with President Trump discussing a potential purchase of TikTok. The news comes days after Trump said he would ban the popular app from operating in the United States.
In a post on Sunday, Microsoft said its CEO Satya Nadella discussed with Trump about buying the Chinese owned app. US policymakers have expressed their concerns over the app as tensions between the US and China escalate, with many saying that it could pose national security risk. Also Read– Facebook takes down posts by President Trump
“[Microsoft] is committed to acquiring Tik Tok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” the company said, adding that it will “move quickly” to talk with ByteDance “in a matter of weeks.”
“During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President,” the company added.
US Tik Tok user data to remain in US control
The deal would create a new structure wherein Microsoft would own and operate TikTok services in the United States. Canada, Australia, and New Zealand. Furthermore, as part of the agreement, Microsoft would ensure all TikTok American users’ private data would remain in the United States.
TikTok has previously stated that US user data is already stored on US-based servers and backed up in Singapore and is therefore not subject to Chinese law.
READ MORE: The US is banning TikTok Chinese app
“This new structure would build on the experience TikTok users currently love, while adding world-class security, privacy, and digital safety protections,” Microsoft said. “The operating model for the service would be built to ensure transparency to users as well as appropriate security oversight by governments in these countries.”
The company added that “in any event” it would finish talking with ByteDance no later than September 15.