Microsoft paused negotiations with ByteDance over TikTok’s US operations after President Donald Trump said he wouldn’t support a deal, The Wall Street Journal reported.
The newspaper reported that Microsoft had been in “advanced talks” with ByteDance, but those were stalled when the president told reporters Friday evening that he wanted a flat ban on the Chinese-owned app and not a sale.
Trump’s comment to reporters came after a month of his administration publicly threatening to ban the app.
Officials like Secretary of State Mike Pompeo have expressed concerns about the possible sharing of user data with China, which TikTok has denied.
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Microsoft is pausing negotiations over TikTok’s US operations amid hostility from President Donald Trump, The Wall Street Journal reported Saturday.
The Journal, citing people familiar with the matter, reported that Microsoft and the Chinese parent company ByteDance were in “advanced talks” over a potential sale and were “caught off guard” when Trump voiced his opposition to the deal on Friday.
Trump told reporters that evening that he preferred a flat ban on the app and wouldn’t support a sale. He had threatened to ban the short-form video app via executive order as early as Saturday.
Source:: Businessinsider – Technology