Investing.com-- U.S. President Donald Trump confirmed on Monday that Microsoft Corporation (NASDAQ: MSFT ) was in talks over buying TikTok, and that he wanted to see a bidding war to keep the social media app in the U.S.
Trump had earlier told reporters that he was in talks with multiple parties over TikTok’s future, and that he expected to reach a deal within 30 to 90 days.
Trump said that Oracle Corporation (NYSE: ORCL ) was not involved in discussions over TikTok.
The President’s comments come a week after he signed an executive order delaying a ban on TikTok, granting the Bytedance-owned app more time to find a buyer for its U.S. operations.
Trump had earlier signaled that he was seeking at least 50% of TikTok be owned by an American entity, and that he was also open to Tesla’s Elon Musk buying the app.