Microsoft Corp (NASDAQ: MSFT) is in talks to acquire ByteDance Ltd-owned TikTok US arm, President Donald Trump said. TikTok has 170M US users, accounting for 4% of the US digital ad market. Other bidders include AI startup Perplexity and Frank McCourt.

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U.S. President Donald Trump confirmed Monday that Microsoft Corporation (NASDAQ: MSFT) is in discussions to acquire TikTok, aiming to keep the popular social media app under American ownership. Trump expressed interest

The Trump administration is negotiating a plan to save TikTok by involving Oracle (NYSE:ORCL) and U.S. investors to oversee the apps global operations, according to NPR. ByteDance, TikToks China-based parent company,

President Donald Trump says Microsoft (MSFT) is in talks to buy TikTok, according to a report from Reuters. Microsoft taking over TikTok would eliminate concerns about the social media platform's current parent company,

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With multiple suitors circling and Trump framing the situation as a deal-making exercise, TikTok's U.S. future is still up in the air. If a resolution is reached, it could set a precedent for tech ownership disputes between the U.

ByteDance (BDNCE) board member Bill Ford said the TikTok parent is exploring a deal to keep the short video app running in America without selling its operations there.

U.S. President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do so.

Other companies like Oracle ( ORCL ), Perplexity AI, and potentially even Tesla's ( TSLA) CEO Elon Musk are seen as potential contenders for TikTok. Trump has also said he’s privately spoken to “many people” about the company.

Microsoft and TikTok did not immediately respond to Reuters' requests for a comment outside regular business hours.