History repeats itself, quickly it seems, as U.S. President Trump confirms that Microsoft is indeed in the running to buy TikTok.

Donald Trump seeks a "bidding war" for the app after years of pressure on ByteDance to sell its US operations over security concerns.

President Trump said he “would say yes” to Microsoft buying TikTok but maintained that there are many interested parties that will be bidding to buy the app before a 75-day extension to decide its fate expires in April.

With the clock ticking on TikTok's existence in the US, President Donald Trump claims Microsoft is interested in acquiring the social media platform.

Considering Microsoft ends up buying TikTok, the company might be able to use the platform to boost its existing services, such as Bing Search. Bing Search is the main competitor to Google Search, and it has been rising in popularity for the last few years due to its quest to decentralize the search engine market.

U.S. President Donald Trump told reporters on Monday that Microsoft is in talks to acquire TikTok and that he would like to see a bidding war over the app.

Microsoft, which declined to comment on the president’s remarks, had discussed buying TikTok in 2020, when Trump tried to force a sale of the app in his first term.

President Donald Trump on Monday said Microsoft was in talks to acquire TikTok, shortly after the social media app went dark last week. He further suggested that he would like to see a bidding war over the popular platform.

Oracle would run TikTok’s global operations while Microsoft is in talks to invest, according to NPR.

Tech giant Microsoft is in discussions to buy TikTok, the popular social media app known for its short videos. This revelation came from U.S. President Donald Trump, who confirmed that the company is considering a bid.

The new president is tossing out some of the biggest names in the tech world as possible buyers of TikTok’s US operations, most recently Microsoft. 'I like bidding wars because you make your best deals.