Microsoft still in talks to buy TikTok

President Trump has given Microsoft 45 days to work out a deal regarding the purchase of TikTok, which Trump threatened to ban in the U.S.
2:39 | 08/03/20

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Transcript for Microsoft still in talks to buy TikTok
this Monday morning. We turn to tiktok and Microsoft is still in talks to buy the wildly popular social media app. This after president trump threatened to ban the app over security concerns about the chinese-owned company. Our chief business correspondent Rebecca Jarvis has more. Rebecca, overnight the president saying -- giving them 45 days to work out a deal? Reporter: That's right, robin. The clock is ticking with the president giving Microsoft those 45 days to get the deal done, to take tiktok over from its Chinese owner and Microsoft says this morning they believe they can get a deal done by September 15th. It's the app young people just can't get enough of. With nearly 100 million American users it's known for its viral dances and addictive short rid I don'ts. Tiktok users reacting to news the app could be banned. Recently the app has been used by more and more young people using it tore social injustice causes. Microsoft continues its talks to buying the app. They look forward to continuing dialogue with the United States government, including with the president. President trump agreeing to give tiktok owner a 45-day window to be sold. On Friday the president sending shock waves through social media. We're looking at tiktok. We may be banning tik tock. Reporter: It's banned on government phones because of security concerns. Tiktok cannot say in the current format. Reporter: When asked if he would recommend downloading the app on personal phones secretary of state Mike Pompeo saying -- Only if you want your information in the hands of the Chinese government. Reporter: Tiktok saying we're committed to protecting our user's privacy and safety. Microsoft says the user experience for tiktok users wouldn't change under the terms of a new deal. Security would be added and increased. Any user data that was stored overseas would be returned to the United States and stored here. George? A lot of teenagers rooting for the talks. Now to the successful splash down for the spacex dragon.

This transcript has been automatically generated and may not be 100% accurate.

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