Pres. Trump set September 15 as the deadline for TikTok to find a US buyer, or else he'll shut down the app in the country. In an unusual declaration, Trump also said any deal would have to include a 'substantial amount of money' coming to the US Treasury.
Trump on Monday set September 15 as the deadline for TikTok to find a US buyer, failing which he said he will shut down the app in the country. In an unusual declaration, Trump also said any deal would have to include a"substantial amount of money" coming to the US Treasury."Right now they don't have any rights unless we give it to them. So if we're going to give them the rights, then ... it has to come into this country," Trump said.
"[Microsoft] 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 company said, adding that it will"move quickly" to talk with ByteDance"in a matter of weeks."Microsoft declined to comment beyond the blog post following Trump's remarks on Monday.
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Trump: TikTok must find U.S. buyer by Sept. 15 or shut downPresident Trump said the federal government will have to be paid a “substantial amount of money” as part of any acquisition of TikTok by Microsoft.
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Trump Wants U.S. Government To Get ‘A Lot Of Money’ For Allowing Microsoft-TikTok DealThe president stated that TikTok will be shut down in the U.S. on September 15 if Microsoft or another “very American company” does not buy the app.
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Microsoft Consults With Trump About Ongoing Talks To Buy TikTok From Chinese FirmIn its first public acknowledgement of a deal that could be worth in the billions of dollars, Microsoft said it is continuing talks with TikTok about a potential takeover of the hugely popular app.
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U.S. to act on China software beyond TikTok, Pompeo saysThe Trump administration will announce measures shortly against “a broad array” of Chinese-owned software deemed to pose national security risks, Secretary of State Michael R. Pompeo said.
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Microsoft says it is still talking with Trump about buying TikTok from its Chinese ownerMicrosoft says it is still discussing a potential purchase of TikTok, days after President Donald Trump said he would ban the popular short-form video app from operating in the United States.
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Microsoft to keep exploring TikTok deal after talks with TrumpMicrosoft said Microsoft and ByteDance have provided notice of their intent to explore a deal resulting in Microsoft owning and operating the TikTok service in the US, Canada, Australia, and New Zealand.
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