Trump pushes for 50% US ownership in TikTok, Microsoft leads talk

US President Donald Trump announced on Monday that Microsoft is in talks to acquire the popular video-sharing app TikTok and expressed the desire for a bidding war over the platform. Trump told journalists that multiple contenders are vying for TikTok, adding, “I would like the United States to have a 50 per cent ownership position in a joint venture,” reported Reuters.