President Trump demands ‘substantial’ chunk of TikTok sale price

President Trump demands ‘substantial’ chunk of TikTok sale price

trump tiktokThe story of TikTok’s possible ban and/or acquisition in the US is moving very fast. As we reported yesterday, Microsoft is in talks not just with TikTok and its parent company ByteDance, but with the US government and with President Trump himself, about a possible deal.

In its statement on that, Microsoft said it plans to complete those discussions “no later than September 15”. Now Reuters has reported that this hard deadline came from outside. “This is a deadline that was put to ByteDance and Microsoft by the Committee on Foreign Investment in the United States (CFIUS), which scrutinizes deals for potential national security risks,” it claimed.

There’s more. “I set a date, of around September 15th, at which point it’s going to be out of business in the United States. But if somebody, whether it’s Microsoft or somebody else, buys it, that’ll be interesting,” said Trump yesterday, in public remarks transcribed by TechCrunch.

The post President Trump demands ‘substantial’ chunk of TikTok sale price appeared first on Music Ally.

Leave a Comment

Your email address will not be published. Required fields are marked *