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Microsoft says TikTok acquisition talks are back on after Nadella, Trump chat

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Microsoft Corp. said Sunday it is ready to continue acquisition talks with China’s TikTok, following a conversation between CEO Satya Nadella and President Donald Trump.

“Microsoft fully appreciates the importance of addressing the president’s concerns,” the tech giant said in a blog post Sunday. “It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury.”

Microsoft
MSFT,
+0.54%

said it is looking to “move quickly” in negotiations with TikTok parent Bytedance, and hopes to have a deal in place by Sept. 15….



Source marketwatch.com

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