Trump Confirms Interest in TikTok

President Donald Trump confirmed that Microsoft is negotiating to acquire TikTok.

Trump noted that several companies are interested in the Chinese social network.

Among the interested parties are Oracle and Elon Musk, according to reports.

Elon Musk, now an advisor to Trump, could play a key role.

TikTok Faces Blackout After Legal Actions Against ByteDance

TikTok experienced a blackout lasting over 10 hours in the U.S.

The shutdown occurred following the endorsement of a law against ByteDance, its parent company.

This law requires TikTok to sell its control to an American firm, like Microsoft or Oracle.

Trump postponed the application of this law for 75 days.

The goal is to find a long-term solution for the platform.

The president said that the sale will create jobs and ensure security.

He also highlighted that it will be a billion-dollar transaction for the U.S.

The sale of TikTok continues to be a matter of significant economic and political interest.