Trump wants the Treasury to get a substantial cut of any TikTok acquisition. China's state media says that would be 'open robbery.'
President Trump said on Monday TikTok has a deadline of September 15 to sell its US business or it will be "out of business in the United States."He wasn't clear whether that cut should come from the purchasing company or ByteDance, TikTok's parent company.
"This is an open robbery. The world is watching and God is watching that how President Trump is turning the once great America into a rogue country," he wrote. Trump said of the call with Nadella on Monday: "I suggested that he can go ahead, he can try. We set a date — I set a date — of around September 15, at which point it [TikTok] is going to be out of business in the United States. But if somebody, whether it's Microsoft or somebody else, buys it, that'll be interesting."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese state media slams U.S. as a 'rogue country' for its planned 'smash and grab' of TikTokThe editor-in-chief of the state-backed Global Times called the U.S. a 'rogue country' while China Daily likened a potential Microsoft takeover of TikTok to 'theft.'
Read more »
Microsoft's ties to China under the microscope in TikTok bid - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
TIMELINE: TikTok may be bought by Microsoft after huge pressure from Trump administration - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
What are the implications of a US-TikTok standoff?A death blow for TikTok’s global ambitions to Gen. Z electoral backlash: TikTok's US ban has far-reaching consequences
Read more »
Steve Ballmer: Microsoft is well-equipped to deal with regulatory issues if it buys TikTokFormer Microsoft CEO Steve Ballmer on a potential TikTok acquisition: “I think it’s an exciting avenue for Microsoft to really increase its consumer base.”
Read more »
Microsoft Says It Will Continue TikTok Acquisition Talks, Despite Trump’s Threat to Ban the AppMicrosoft confirmed that it is in talks to buy TikTok from China’s ByteDance — and will continue the negotiations — coming after Donald Trump said he opposed such a deal and has c…
Read more »