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 reports that U.S. companies are in talks to buy TikTok, with Microsoft's name in the mix.
According to a report from , 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 Chinese government to use TikTok to obtain data on American citizens. TikTok is owned by ByteDance following its merger with Musical.ly in 2017. As Bloomberg notes, President Trump has mulled banning TikTok in retaliation for China's handling of the coronavirus outbreak.
From Bloomberg:
There's no word on when a sale may emerge. However, we could learn more as soon as today. We'll update this post with more information as it becomes available.