- Tram Ho
Just last weekend Mr. Trump also announced to the press that he was very worried about TikTok and would ban the app in the US. Trump’s statement forced the negotiation of the acquisition of the TikTok division in the US between Microsoft and ByteDance to halt.
Then a weekend of talk between Microsoft CEO Satya Nadella and President Trump allowed the deal to continue. Trump himself confirmed this when speaking to the Wall Street Journal, about that conversation: ” I said, I don’t care if it’s Microsoft or any other company – just a big, secure company.” safe and American – buy it back . ”
However, this deal has a condition attached.
According to WSJ, Mr. Trump mentioned a condition of this deal: ” I said,” If you buy it … a part of the price will have to go directly to the US Treasury Department, because we have already allow the deal to take place. “Right now, they don’t have any rights unless we give it to them .”
Neither the White House nor Microsoft have made any statements about this.
TikTok, with about 100 million users in the US, is under increasing scrutiny due to security and privacy issues. India recently banned this app along with dozens of other apps in China, and some lawmakers want the United States to do the same.
Refer to Fastcompany
Source : Genk