Microsoft ( MSFT -2.14%) is in talks to purchase TikTok, according to President Trump. Although Microsoft has declined to comment so far, it was the top bidder back in 2020, before talks collapsed alongside Trump's departure from office.

Tech giant Microsoft is in discussions to buy TikTok, the popular social media app known for its short videos. This revelation came from U.S. President Donald Trump, who confirmed that the company is considering a bid.

Per The Guardian, when a reporter aboard Air Force One on Monday asked if Microsoft was in talks to buy TikTok, Trump said, "I would say yes," adding that there is "a lot of interest in TikTok. There’s great interest in TikTok.