Trump Allows US Company to Buy TikTok, Sets September as Deadline

Joanna Estrada
August 4, 2020

In a Monday afternoon press conference, Trump added: "Whether it's Microsoft, or somebody else, the Chinese, what the price is, the United States should get a very large percentage of that price because we're making it possible".

Trade Adviser Peter Navarro hit out at Microsoft for enabling Chinese censorship and surveillance through products like Skype and its search engine Bing.

He also said he suggested that any potential sale of the app should include a payment to the United States.

China will not accept the "theft" of a Chinese technology company and is able to respond to Washington's move to push ByteDance to sell short-video app TikTok's US operations to Microsoft, the China Daily newspaper said on Tuesday.

But the president also claimed that he had given Microsoft's chief executive Satya Narayana Nadella the "go-ahead" to purchase TikTok.

Many prominent Republicans, including House Republican Leader Kevin McCarthy, issued statements in support of a Microsoft acquisition of TikTok's US operations. The White House had insisted upon that deadline, according to people familiar with the matter. It said these discussions are "preliminary and there can be no assurance that a transaction will proceed".

"I said, a very substantial portion of that price is going to have to come into the treasury of the United States", he said.

The company did not confirm London's possible location but hinted the headquarters will not be in the United States.

Trump, a former NY real estate developer, compared TikTok to the landlord tenant relationship, suggesting TikTok is like a tenant. "My personal opinion was they would be better off buying the whole thing rather than buying 30% of it", Trump said.

The company said that it "appreciates the importance" of addressing Trump's concerns about the purported security risks presented by TikTok, adding that it "looks forward" to continuing dialog with the United States government as it seeks to thrash out a deal with ByteDance.

Despite previously being critical of the app, Trump conceded Monday that "the brand was hot" and that TikTok was a "great asset". "Too big, too invasive", Trump added.

Earlier this year, TikTok users took credit for reserving millions of tickets to a Trump rally in Tulsa, Oklahoma.

Microsoft says it is committed to "addressing the president's concerns" by migrating Americans' user data to USA servers. It's, it's an American company ... "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".

Other reports by Click Lancashire

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