ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

President Trump said he “would say yes” to Microsoft buying TikTok but maintained that there are many interested parties that will be bidding to buy the app before a 75-day extension to decide its fate expires in April.

Tech giant Microsoft is in discussions to buy TikTok, the popular social media app known for its short videos. This revelation came from U.S. President Donald Trump, who confirmed that the company is considering a bid.