Home » World News » Microsoft deal for TikTok US fading as White House weighs crackdown: sources
Microsoft deal for TikTok US fading as White House weighs crackdown: sources
Trump: We may be banning TikTok
President Trump says there are a couple of options on the table when it comes to TikTok, but one of them may be a ban.
Talks about a possible Microsoft purchase of TikTok aren't on pause, but negotiators are waiting for the other shoe to drop after President Trump said Friday that his administration would crack down on the app within the U.S., people close to the White House and Microsoft TikTok discussions tell FOX Business.
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FOX Business was first to report Friday that Microsoft has begun talks to buy the entity. According to people with direct knowledge of the matter, the talks have initially focused on TikTok's smaller U.S. business, but they say Microsoft might want the scale of the entire company, which boasts hundreds of millions of users worldwide.
TIKTOK IS SHOPPING ITSELF, AND MICROSOFT IS INTERESTED
However, any sale of TikTok will face hurdles from the White House, and especially from trade adviser Peter Navarro, who supports a total TikTok ban, people with knowledge of the situation tell FOX Business.