Microsoft planning to buy shares in TikTok to prevent ban in US

Microsoft planning to buy shares in TikTok to prevent ban in US

Chinese multinational conglomerate -- ByteDance -- is ready to forego its shares in the short video app TikTok. The shares would likely be bought by the tech giant Microsoft. United States President Donald Trump Friday that his administration is weighing action against TikTok and would soon ban it in the country, as per media reports.

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