Trump: US should get 'substantial portion' of TikTok operations sale price
U.S. President Donald Trump said Monday the U.S. government should get a 'substantial portion' of the sales price of the U.S. operations of TikTok ...
BusinessU.S. President Donald Trump said Monday the U.S. government should get a"substantial portion" of the sales price of the U.S. operations of TikTok and warned he will ban the service in the United States on September 15 without a sale.
U.S. President Trump holds executive order signing event in the Cabinet Room of the White House in Washington04 Aug 2020 02:45AMShare this contentBookmarkWASHINGTON: U.S. President Donald Trump said Monday the U.S. government should get a"substantial portion" of the sales price of the U.S. operations of TikTok and warned he will ban the service in the United States on September 15 without a sale.
The turnaround came after Trump Friday he said he was planning to ban the Chinese-owned video app's U.S. operations as soon as Saturday after dismissing a possible sale to Microsoft.AdvertisementAdvertisement"I did say that if you buy it, whatever the price is that goes to whoever owns it, because I guess it’s China essentially … 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," Trump said. headtopics.com
It was not clear how the U.S. government would receive part of the purchase price.He added it"will close down on September 15 unless Microsoft or somebody else is able to buy it and work out a deal, an appropriate deal so the Treasury … of the United States gets a lot of money.
U.S. officials have said TikTok poses a national risk because of the personal data it handles. TikTok CEO Kevin Mayer said in a blog post last week that the company was committed to following U.S. laws and was allowing experts to observe its moderation policies and examine the code that drives its algorithms.
AdvertisementAdvertisementTrump's comments confirmed a Reuters report Sunday that he had agreed to give China's ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft.Trump said he did not mind"whether it’s Microsoft or somebody else – a big company, a secure company, very, very American company buy it."
Microsoft said Sunday that CEO Satya Nadella had spoken to Trump and"is prepared to continue discussions to explore a purchase of TikTok in the United States."Microsoft said Sunday 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." headtopics.com
Many prominent Republicans, including House Republican Leader Kevin McCarthy, issued statements in support of a Microsoft acquisition of TikTok's U.S. operations. Some congressional aides are worried about a backlash by younger voters against the party if Trump banned TikTok, which has 100 million American users.
Microsoft and TikTok parent ByteDance gave the U.S. government a notice of intent to explore a preliminary proposal for Microsoft to purchase the TikTok service in the United States, Canada, Australia, and New Zealand.U.S. Senate Democratic leader Chuck Schumer also backed the sale, while a senior White House adviser raised concerns about a sale to Microsoft.
"A U.S. company should buy TikTok so everyone can keep using it and your data is safe," Schumer said on Twitter, adding:"This is about privacy. With TikTok in China, it's subject to Chinese Communist Party laws that may require handing over data to their government."
White House trade adviser Peter Navarro suggested on Monday that Microsoft could divest its holdings in China if it were to buy TikTok."So the question is, is Microsoft going to be compromised?" Navarro said in an interview with CNN."Maybe Microsoft could divest its Chinese holdings?" headtopics.com
Navarro said the Chinese government and military use Microsoft software “to do all the things they do.”(Reporting by David Shepardson, Doina Chiacu, Susan Heavey, Echo Wang, Greg Rou and Pete Schroeder; Editing by Nick Zieminski and Lisa Shumaker) Read more: CNA »
Police arrest man seen naked in public in viral videos; 24-year-old to be charged on June 12
Pompeo says US to act on China software beyond TikTok; Trump's decision expected Monday or TuesdayWASHINGTON (BLOOMBERG) - The Trump administration will announce measures shortly against 'a broad array' of Chinese-owned software deemed to pose national-security risks, US Secretary of State Michael Pompeo said.. Read more at straitstimes.com.
Trump days away from moving against TikTok: Pompeo[WASHINGTON] President Donald Trump is days away from announcing strong action against the popular Chinese-owned video sharing app TikTok to protect US national security, Secretary of State Mike Pompeo said on Sunday. Read more at The Business Times.
Trump days away from moving against TikTok: PompeoPresident Donald Trump is days away from announcing strong action against the popular Chinese-owned video sharing app TikTok to protect US national security, Secretary of State Mike Pompeo said Sunday. 'President Trump has said, 'Enough,' and we’re going to fix it,' Pompeo told Fox
TikTok a casualty of deepening US mistrust of ChinaWASHINGTON - The United States' move to ban or otherwise cut off the popular Chinese-owned social media app TikTok is part of a concerted effort to cut linkages with China that can be exploited to gather Americans' data - or have any kind of influence in American society.. Read more at straitstimes.com.
TikTok doing all it can to avoid US ban, potential Microsoft deal in the works: ownerBEIJING - TikTok owners Bytedance said on Monday (Aug 3) it is doing all it can to avoid a ban in the United States, confirming that it is facing a forced sale to US tech giant Microsoft , an internal memo has shown.. Read more at straitstimes.com.
TikTok must be sold or blocked in US, says MnuchinTikTok must either be sold or blocked in the US due to national security concerns, Treasury Secretary Steven Mnuchin said Sunday in the latest ...