The on-off talks Microsoft and the parent company TikTok are back again. Microsoft has been interested buying part TikTok for many months. The tech giant has been talks with the parent company ByteDance Ltd. Discussions the two companies came to a halt last week when US President Donald Trump suggested that he might ban TikTok from the USA. He was worried that the personal details over 100 million Americans could get the wrong hands. President Trump changed his mind the weekend after the CEO of Microsoft phoned him. Microsoft said it "would ensure that all private data TikTok's American users is transferred to and remains the United States."
TikTok is the latest social media platform to become hugely popular the globe. Users upload very short videos themselves lip-syncing to well-known songs, dancing, making funny faces or doing other humorous things. TikTok's owner ByteDance is a Beijing-based Internet company founded 2012 Chinese entrepreneur Zhang Yiming. It now has 800 million users worldwide. Microsoft is offering ByteDance $50 billion the operations the US, Canada, Australia and New Zealand. However the business website Bloomberg disagrees that valuation. It said: "The idea that TikTok - the UK, India or dozens other emerging markets - is worth $50 billion today is fanciful.