ByteDance, headquartered in Beijing, owns TikTok.
According to reports, US President Donald Trump isMicrosoft has announced that the popular social video app TikTok will be "discussed further" after a conversation between Microsoft CEO Satya Nadella and the president.
"Microsoft fully appreciates the importance of addressing the President's concerns," Microsoft said in a statement. "It is committed to acquiring TikTok, subject to a full security review, and to provide reasonable economic benefits to the United States, including the US Treasury Department.
For more of it
Subscribe to the CNET Now newsletter to receive the most important stories of the day from our editors.
"Microsoft will act quickly to conduct talks with TikTok's parent company, ByteDance, in a few weeks, and will definitely close these talks no later than September 15, 2020. During this process, Microsoft looks forward to continuing the dialogue with the US government , also with the President. "
On Friday, Trump told reporters he was considering banning TikTok. Trump and his government fear that the data collected about US citizens may be released to the Chinese government. The U.S. Army and U.S. Navy have banned service members from downloading the app to government-issued phones. Earlier this month, the US House of Representatives voted to ban the use of TikTok on all government-issued phones.
"We're looking at TikTok. We may be banning TikTok," Trump told Reporters Friday in the White House. "We are looking for many alternatives related to TikTok."
Reuters reported that in response to Trump's comments, ByteDance had agreed to completely divest TikTok's U.S. operations.
In its statement, Microsoft wrote that it plans to purchase the TikTok service in the United States, Canada, Australia and New Zealand and to own and operate TikTok in these markets. Microsoft also mentioned the invitation "from other American investors to participate in this minority purchase".
Much of this potential business would involve a security overhaul.
"This new structure would build on the experience TikTok users currently love," Microsoft wrote, "while adding top-notch security, privacy, and digital security. The operating model for the service is designed to provide both user and transparency. " adequate security oversight by governments in these countries.
"Microsoft would, among other things, ensure that all of TikTok's American users' private information is transferred to and remains in the United States. To the extent that such information is currently stored or secured outside of the United States, Microsoft would ensure this." Data is deleted after the transfer from servers outside the country. "