Microsoft Is Said to Be in Talks to Buy TikTok in U.S.

(Bloomberg) — Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a person familiar with the matter.TikTok, a video-sharing app, is owned by China-based ByteDance Ltd., which has been evaluating changes to its business structure because of the U.S. government’s national security concerns.President Donald Trump plans to announce a decision ordering Bytedance to divest its U.S. ownership of TikTok, according to people familiar with the matter. The U.S. has been investigating potential national security risks due to the Chinese company’s control of the app. Trump’sdecision could be announced as soon as Friday, said the people.Microsoft …read more

Source:: Yahoo Finance