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USA: Trump agrees to sale of TikTok to Microsoft, says US should get cut of any deal02:28

USA: Trump agrees to sale of TikTok to Microsoft, says US should get cut of any deal

United States, Washington D.C.
August 4, 2020 at 03:22 GMT -00:00 · Published

US President Donald Trump said Microsoft can buy Chinese-owned social media app TikTok, after he had previously planned to ban it from the country entirely.

Speaking from the White House on Monday, Trump said that TikTok will be “out of business in the United States” by September 15, unless a “very American company” purchased it.

The president added that US Treasury should receive money in return.

“I said a very substantial portion of that price is going to have to come into the Treasury of the United States because we’re making it possible for this deal to happen.”

His comments came following a meeting with Microsoft CEO, to whom he said “he can go ahead, he can try” the acquisition.

Last week, TikTok was placed under formal investigation by the US Committee on Foreign Investments, amid concerns that user data could be shared with the Chinese government and allegations that the app censors content disagreeable to Beijing.

Seattle-based tech giant Microsoft is reportedly in talks to acquire the company from ByteDance.

USA: Trump agrees to sale of TikTok to Microsoft, says US should get cut of any deal02:28
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Description

US President Donald Trump said Microsoft can buy Chinese-owned social media app TikTok, after he had previously planned to ban it from the country entirely.

Speaking from the White House on Monday, Trump said that TikTok will be “out of business in the United States” by September 15, unless a “very American company” purchased it.

The president added that US Treasury should receive money in return.

“I said a very substantial portion of that price is going to have to come into the Treasury of the United States because we’re making it possible for this deal to happen.”

His comments came following a meeting with Microsoft CEO, to whom he said “he can go ahead, he can try” the acquisition.

Last week, TikTok was placed under formal investigation by the US Committee on Foreign Investments, amid concerns that user data could be shared with the Chinese government and allegations that the app censors content disagreeable to Beijing.

Seattle-based tech giant Microsoft is reportedly in talks to acquire the company from ByteDance.

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