The Trump administration is denying it, but Trump previously said he'd like to see the software company take it over.

President Donald Trump on Monday said he would welcome a “bidding war” for TikTok as he appeared to confirm that Microsoft is among the companies that have declared interest in acquiring the popular social media platform. Trump told reporters aboard Air Force One he has an affinity for bidding wars.

President Donald Trump is in talks with "numerous, very substantial people" about a TikTok deal - but not Oracle.

Numerous potential buyers, including PerplexityAI and the internet advocacy group, Project Liberty, have publicly stated their interest in the app.

A decision on the fate of TikTok is expected within 30 days, with discussions involving Oracle and U.S. investors. President Trump indicated interest in a deal addressing national security concerns while ByteDance retains a stake.

Trump issued an executive order on Jan. 20 to extend the ban on TikTok, implemented by former President Joe Biden last year. The order granted a 75-day extension, which Trump said will allow him to consult with his advisors and heads of "relevant" departments and agencies to address national security concerns posed by TikTok.

The president denied a report that the White House was helping advance a deal with Oracle and a group of other outside investors for the platform.

President Trump has signed a flurry of new executive orders ushering in big changes for the U.S. Military. There's also been progress in finding a new buyer for TikTok.

Under one deal, ByteDance would retain a stake in TikTok but data collection and software updates would be overseen by Oracle.