'I like bidding wars': Donald Trump confirms tech giant in race to buy TikTok stake

Le milliardaire Franck McCourt et le youtubeur Mr Beast sont eux aussi intéressés par le rachat. MAXPPP – imagebroker

Donald Trump confirmed to foreign journalists on Monday, January 27, that the GAFAM firm, Microsoft, was indeed one of the potential buyers for the social network TikTok.

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The affair continues to take on new twists and turns. The 47th President of the United States announced on Monday that the giant Microsoft was part of a group in a good position to buy TikTok, according to 7 out of 7.

“There's a lot of interest in TikTok, there's a lot of interest in TikTok. I like bidding wars because you get the best deal possible,” said Donald Trump. However, he declined to name the other contenders.

Data collection

A possible acquisition as part of the US government's plan to prevent the Chinese app from disappearing. A law passed on January 19 banned the app in the United States before the new president, by executive order, reinstated the social network. The negotiated deal stipulates that ByteDance, TikTok’s China-based owner, would retain a stake in the company, but data collection and software updates would be overseen by Oracle, which already provides the foundation for TikTok’s internet infrastructure.

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As a reminder, in August 2020, when Donald Trump tried to ban TikTok from the United States, Microsoft joined forces with Walmart – a multinational retailer – to make a takeover bid for the platform. ByteDance had declined the offer.