President Donald Trump said that Microsoft is among the U.S. companies showing interest in acquiring TikTok to prevent a potential ban on the app, which could take effect in April.

When asked by reporters, Trump confirmed Microsoft's involvement in discussions for TikTok's ownership transition, a condition mandated by Congress to keep the app operational in the U.S. He also mentioned that other companies are exploring this opportunity but declined to name them.

Trump, speaking aboard Air Force One during a return trip from Miami, expressed his support for competitive bidding, saying it leads to better deals.

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While representatives from Microsoft and TikTok did not immediately comment, Trump recently extended the deadline for TikTok’s ownership changes by 75 days—from January 19 to April 4. He also proposed that the U.S. acquire a 50% stake in the platform, though details remain unclear on whether this would involve government ownership or another U.S.-based entity.

Reports suggest that AI startup Perplexity AI has proposed a merger with TikTok’s U.S. operations that would allow the U.S. government to hold up to 50% ownership. Additionally, investors like Frank McCourt and former Treasury Secretary Steven Mnuchin have expressed interest in TikTok's U.S. operations.

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