US tech giant Microsoft has confirmed that it is continuing talks to purchase the US operations of Chinese-owned video-sharing app TikTok.
Microsoft boss Satya Nadella had a conversation with President Donald Trump about the acquisition on Sunday, said the tech firm.
Microsoft stressed that it “fully appreciates the importance” of addressing President Trump’s concerns.
The company added that a full security review of the app will be conducted and will also have to provide the US government with a list of the “proper economic benefits” to the country.
According to the tech giant, they are hoping to conclude discussions with TikTok’s parent firm ByteDance by 15 September.
The company said it was looking to buy the TikTok service in the US, Canada, Australia and New Zealand, and would operate the app in these markets.
Microsoft also added that it “may” invite other American investors to take part in the purchase “on a minority basis”.
The tech company added that it would ensure that “all private data of TikTok’s American users” was transferred to and remained in the US
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