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 declined to comment. TikTok and ByteDance did not immediately respond to Reuters' requests for a comment outside regular business hours.

President Donald Trump said Monday evening that Microsoft is among the U.S. companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April.

Microsoft reportedly has an interest in acquiring TikTok. According to BBC, President Donald Trump has revealed the tech company would like to purchase the platform and adds that there is “great interest in TikTok” from several companies.