Microsoft Confirms Talks to Buy TikTok’s U.S. Operation

Microsoft Corp. confirmed it is in talks to buy TikTok’s operations in the U.S. and several other countries following a discussion between Chief Executive Officer Satya Nadella and President Donald Trump.

Talks will move quickly “in a matter of weeks” and are expected to be completed no later than Sept. 15, it said in a statement. The company will continue to engage Trump and the U.S. government.

The purchase would result in Microsoft owning and operating TikTok in the U.S., Canada, Australia and New Zealand. Microsoft said it may invite other American investors to take minority stakes in the ...