US President Trump says he does not mind if Microsoft or another US company buys TikTok, but wants government to get a slice of the sale price
The US government should get a"substantial portion" of the sales price of the US operations of TikTok, said US President Donald Trump, warning he will ban the service in the country on September 15 without a sale.US President Donald Trump said Monday that popular Chinese-owned video app TikTok would be "out of business" in the United States if it did not sell its US operations by September 15, preferably to an American buyer.
Trump added pressure on TikTok's parent company ByteDance to reach a deal, after Microsoft confirmed over the weekend that the two sides were in talks and the White House backed off of Trump's threat of an immediate ban. While the company denies its user data goes to the Chinese government, ByteDance founder Zhang Yiming recognized earlier Monday that it was under stiff pressure, and said they were working around-the-clock "for the best outcome."
According to Britain's The Sun newspaper Monday, as a possible alternative move, ByteDance is planning to relocate TikTok's global operations to Britain.Also on Monday China's foreign ministry pushed back against US pressure, calling Washington hypocritical for deman ding TikTok be sold. TikTok denies it could be a tool for Chinese intelligence, and says data on its international users is kept on servers outside of China.
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