TikTok may soon come under Microsoft's wing (yes, really)Cue up the Steve Ballmer dance.
What you need to know
The Trump administration is rumored to be preparing an order that would compel Chinese company ByteDance to divest the U.S. portion of TikTok.
Microsoft is reportedly in talks to buy the app from Bytedance.
There's no word on when a sale might be final, though the Trump administration's order could land "as soon as Friday."
The Trump administration is reportedly considering an order that would force Chinese company ByteDance to divest its ownership of popular app TikTok in the U.S. Fox Business Network's Charles Gasparino reports that U.S. companies are in talks to buy TikTok, with Microsoft's name in the mix.
CONFIRMED; sources say @Microsoft in talks to buy
https://t.co/1q4Y8HRbjG— Charles Gasparino (@CGasparino) July 31, 2020
According to a report from Bloomberg, the Trump administration could hand down its order "as soon as Friday.
The order would come after concerns from U.S. lawmakers about the ability for the Ch...
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TikTok may soon come under Microsoft's wing (yes, really)
