Microsoft

The move by Blackstone comes as ByteDance is facing pressure from the White House to sell TikTok to a U.S. company or face the likelihood that the app will be banned in the U.S. over concerns that the Chinese government uses customer data for surveillance purposes.

TikTok, owned by Chinese firm ByteDance, has been deemed a national security threat by the Trump administration, which argues the company could potentially share users' data with the Chinese government.

Social media giant TikTok is planning to sue the Trump administration over its ban of the app in the United States as soon as next Tuesday, according to an NPR report.

Social media giant TikTok is rolling out three new measures ahead of the U.S. election to combat misinformation and political interference on the platform.

Microsoft is looking for partners to share the burden of a potential TikTok purchase. The short form video sharing app could be worth $50 billion.

Sen. Josh Hawley wants Microsoft to ensure TikTok severs all ties with its Chinese parent company ByteDance and the Chinese Communist Party (CCP) during any potential purchase of the popular video app.

President Trump claimed on Wednesday that Microsoft and other companies interested in buying TikTok's U.S. business have agreed to a "big payment" to the U.S. Treasury should they finalize a deal.

Companies including Facebook and Alphabet’s Google have kicked the tires on the popular and now controversial short video platform, and while each remains broadly interested in the app or at least competing with the app in some way, these companies may be shut out due to antitrust issues, legal sources tell FOX Business.

President Donald Trump said Tuesday that multiples companies besides Microsoft have contacted the White House about purchasing Chinese-owned social media giant TikTok. 

ByteDance founder Zhang Yiming said in a letter addressed only to his China-based staff on Tuesday that TikTok could face added uncertainty as “anti-Chinese sentiment” has continued to grow abroad.

President Trump gave his verbal approval to a potential deal between TikTok and an American company.

President Trump reiterated on Monday afternoon that he fine with Microsoft or another American tech company buying TikTok, but said that a “large percentage” of the sale should go into the U.S. Treasury.

President Trump gave his verbal approval to a potential deal between TikTok and an American company like Microsoft on Monday, but said TikTok had until Sept. 15 to close such a deal or face a U.S. ban.

"We should not be allowing Chinese communist software in the hands of Americans," Navarro said.

Microsoft confirmed Sunday that it was in talks over a potential TikTok purchase.

Microsoft confirmed talks between CEO Satya Nadella and President Trump and said the tech giant is "committed" to acquiring TikTok.

China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app.

Initial jobless claims for the week ended July 18 rose by 1.416 million, raising the total number of first-time filings to more than 52 million since COVID-19 stay-at-home orders began.

Microsoft said revenue in its Intelligent Cloud segment rose 17% to $13.4 billion, with 47% growth in the Azure component, which includes essential computing and storage services

As the coronavirus pandemic shutters businesses across the U.S., some of the country's largest corporations are posting huge profit margins.