Microsoft Confirms Talks To Acquire TikTok

File Photo: Microsoft Redmond campus. Image Credit: Coolcaesar. Licensed under CC BY-SA 4.0.

Microsoft has officially confirmed that it is in talks to acquire the operations of video-sharing platform TikTok in the US, Canada, Australia, and New Zealand markets following a conversation between Microsoft CEO Satya Nadella and President Donald Trump.

"Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States", the tech giant said in a blog post late on Monday.

"Microsoft fully appreciates the importance of addressing the President's concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury", the company said.