Microsoft Presses Pause On TikTok US Asset Acquisition

Now that President Trump has announced an outright ban of the Chinese owned TikTok, which hasn’t happened yet by the way, we now have a report that Microsoft who was interested in buying TikTok’s US assets, has hit pause on that:

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.

I bet they were caught off guard. But there’s more:

One source told The Journal that Trump’s opposition to a sale came as a surprise, and another source told the newspaper that the White House had previously appeared to want TikTok to be “American owned.”

The deal isn’t “dead,” according to the Journal’s report, but both companies are seeking more information from the White House on the best next steps for the app.

The thing is, TikTok isn’t taking this lying down:

Tiktok’s US General Manager Vanessa Pappas appeared in a one-minute video released Saturday morning in response to Trump’s comment about banning the app.

Here’s the video:

Let’s see where this story goes next. It’s going to be a bumpy ride.

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