Global tech and software giant, Microsoft Corp. said on Sunday it is ready to continue acquisition talks with China’s TikTok, following a conversation between CEO Satya Nadella and President Donald Trump.
“Microsoft fully appreciates the importance of addressing the President’s concerns,” the tech giant said in a blog post Sunday. “It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury.”
Microsoft said it is looking to “move quickly” with TikTok parent Bytedance, and hopes to have a deal in place by Sept. 15.
The Wall Street Journal reported Saturday that the talks had been put on hold after opposition from Trump. Last week, the president threatened to ban the popular video app from operating in the U.S.
Earlier on Sunday, Secretary of State Mike Pompeo said TikTok was not the only Chinese-owned software company in the White House’s cross-hairs, and that Trump would “take care of” other companies that pose security risks.
The Trump administration claims TikTok and other Chinese software companies pose risks because the could send private user data to the Chinese government.