Microsoft reportedly paused its talks with ByteDance to buy TikTok's US operations after Trump said he wouldn't support a deal

Reuters

• Microsoft paused negotiations with ByteDance over TikTok's US operations after President Donald Trump said he wouldn't support a deal, The Wall Street Journal reported.
• The newspaper reported that Microsoft had been in "advanced talks" with ByteDance, but those were stalled when the president told reporters Friday evening that he wanted a flat ban on the Chinese-owned app and not a sale.
• Trump's comment to reporters came after a month of his administration publicly threatening to ban the app.
• Officials like Secretary of State Mike Pompeo have expressed concerns about the possible sharing of user data with China, which TikTok has denied.
• Visit Business Insider's homepage for more stories.

Microsoft is pausing negotiations over TikTok's US operations amid hostility from President Donald Trump, The Wall Street Journal reported Saturday.

The Journal, citing people familiar with the matter, reported that Microsoft and the Chinese parent company ByteDance were in "advanced talks" over a potential sale and were "caught off guard" when Trump voiced his opposition to the deal on Friday.See the rest of the story at Business Insider

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See Also:

• Microsoft is reportedly in talks to buy TikTok's US operations
• Trump to reportedly order TikTok's owner, ByteDance, to sell its US operations
• The US Treasury is investigating TikTok over national security concerns, Treasury Secretary Mnuchin says

SEE ALSO: Trump told reporters on Air Force One he is banning TikTok from the US