U.S. President Donald Trump told reporters on Monday that Microsoft is in talks to acquire TikTok and that he would like to see a bidding war over the app.

Microsoft, which declined to comment on the president’s remarks, had discussed buying TikTok in 2020, when Trump tried to force a sale of the app in his first term.

Donald Trump seeks a "bidding war" for the app after years of pressure on ByteDance to sell its US operations over security concerns.