History repeats itself, quickly it seems, as U.S. President Trump confirms that Microsoft is indeed in the running to buy TikTok.

I like bidding wars because you make your best deals,' Trump said as he spoke to reporters aboard Air Force One.

With the clock ticking on TikTok's existence in the US, President Donald Trump claims Microsoft is interested in acquiring the social media platform.

"Come make your product in America and we will give you among the lowest taxes of any nation on earth ... But if you don't make your product in America, which is your prerogative, then very simply you will have to pay a tariff," Trump said.

Microsoft seeking to buy TikTok from ByteDance, says President Trump, as the LinkedIn owner eyes acquiring the social media company due to national security concerns.

Microsoft, which declined to comment on the president’s remarks, had discussed buying TikTok in 2020, when Trump tried to force a sale of the app in his first term.

US President Donald Trump has said Microsoft is in discussions to acquire TikTok and that he would like to see a "bidding war" over the sale of the social media app.

President Donald Trump on Monday said Microsoft was in talks to acquire TikTok, shortly after the social media app went dark last week. He further suggested that he would like to see a bidding war over the popular platform.

Ever since the TikTok "Armageddon" in the US, everyone's been speculating about possible buyers for the social media platform, hoping it will continue to operate in the country.

President Trump tells reporters on Air Force One that Microsoft is the latest contender in the race to buy TikTok's US operations.

While President Donald Trump told reporters that Microsoft is in talks to buy TikTok, the company has remained mum about it.