8/1, 11:33 PM (Source: TeleTrader)
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Microsoft stalls talks on buying TikTok's US operations - report

Microsoft Corp. has put negotiations with ByteDance Ltd. over acquiring TikTok business in the United States on hold, The Wall Street Journal reported on Saturday citing sources familiar with the talks.

The decision was reportedly impacted by United States President Donald Trump's comments on his intention to ban the video-communication app in the country.

Previously, another report said the president is likely to order the Chinese firm to sell its US branch of TikTok to a US-based company with Microsoft being considered favorite to acquire the app.

Breaking the News / GA