Microsoft continues in talks to buy Tic-Tock after a convo with Trump
Via its blog, Microsoft announced that CEO Satya Nadella and President Donald Trump had held talks regarding the tech giants' potential purchase of TikTok in the United States.
What's going down:
The software and electronic manufacturer said in its blog that they would "move quickly" in acquiring TikTok from its parent company, ByteDance, "in a matter of weeks" and finish "discussions no later than September 15, 2020."
The two tech firms are exploring a preliminary proposal that would involve Microsoft buying and operating TikTok's service in the United States, Canada, Australia, and New Zealand.
Microsoft also said, "all private data of TikTok's American users" would remain in the United States.
Why it matters:
Trump threatened to ban the popular video-sharing app over accusations that the platform shares users' data with the Chinese government.
In a letter to the Secretary of the Army, Senate Minority Leader Chuck Schumer (D-N.Y.) raised concerns about Army personnel using TikTok.
Senator Tom Cotton (R-AK) said to Fox Business, "I would encourage every parent to consider whether or not they should let their kids put TikTok on their devices, and think about whether we want to allow it."
The Indian government banned TikTok over national security concerns, per NYT.