Microsoft Reportedly Buying ByteDance’s US Stake In TikTok After Donald Trump Orders China To Sell App

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The Inquisitr - Tech

Microsoft could soon be the proud owner of the U.S.-based part of TikTok, one of the most popular social media apps in the world. Ashley Stewart of Business Insider wrote on Friday that Microsoft could purchase a stake in China’s ByteDance.

ByteDance is expected to be ordered by President Donald Trump to divest itself of ownership of the software’s U.S. operations in the coming days. Stewart reported there are multiple sources saying Microsoft is the front runner to swoop in and snap up those shares.

Stewart said that none of the companies involved in the talks are commenting on the rumors at the moment. She pointed out that, of course, doesn’t mean there isn’t something in the works.

News of Microsoft’s potential involvement in the sale talks was first reported by Fox Business Network’s Charles Gasparino on Twitter. He wrote that several sources in the investment banking sector claimed there were several American

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