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US-China tensions

Microsoft says talks on possible TikTok purchase to continue

Tech giant aims to complete negotiations in 'matter of weeks' as US ban looms

Microsoft says it is planning to complete talks to buy TikTok, the U.S. unit of Chinese technology company ByteDance as U.S. President Donald Trump weighs a ban of the popular video app over security concerns.   © Reuters

TOKYO/HONG KONG -- Microsoft is going ahead with efforts to acquire TikTok in the U.S after holding direct talks with U.S. President Donald Trump, who has threatened to ban the China-owned app over security concerns.

The CEO of TikTok's owner ByteDance also admitted in an internal memo on Monday that the company was being forced to sell its U.S. operation but was in talks to work out how it could continue to serve U.S. users.

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