Microsoft confirms CEO spoke with Trump about acquisition of TikTok, as POTUS weighs a ban

Microsoft executives have been in discussions with White House officials, including President Trump, as the big tech company considers a buyout of the short-form video social media app, TikTok.

On Friday, the president announced to a group of reporters on Air Force One that he was planning to ban the app over national security concerns that its Beijing-based parent company ByteDance shares user data with the Chinese Communist Party.

President Trump's potential ban could prevent app usage in the United States, in addition to precluding a U.S.-based company's ability to buy the app.

On Sunday, Microsoft confirmed that talks between CEO Satya Nadella and President Trump had taken place. The company also said that it is prepared to continue pursuing acquisition discussions with TikTok until Sept. 15. 

In a statement, the Redmond, Wash.-based software giant said: "Microsoft fully appreciates the importance of addressing the President's concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury."

The president is reportedly weighing his options and is expected to make a decision about the fate of the app and Microsoft's ability to purchase it on Monday or Tuesday.