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The Trump administration is denying it, but Trump previously said he'd like to see the software company take it over.
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He previously floated a joint venture, saying that the US should be entitled to half of the app.
According to a new report, Oracle is in talks to take over TikTok's global operations, while Microsoft is looking to invest.
President Donald Trump told reporters that Microsoft is in talks to acquire TikTok's U.S. operations, Bloomberg reports.