Trump has given TikTok's owner ByteDance 45 days to reach a deal to sell the app - Business Insider

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Trump has given TikTok's owner ByteDance 45 days to reach a deal to sell the app

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.President Trump has given TikTok owner ByteDance and US tech giant Microsoft just 45 days to negotiate an acquisition.

Trump had dismissed the idea of a sale to Microsoft on Friday. But following a discussion between Trump and Microsoft CEO Satya Nadella, the Redwood, Washington-based company said in a statement on Sunday that it would continue negotiations to acquire TikTok from ByteDance, and that it aimed to reach a deal by Sept. 15.

The negotiations between ByteDance and Microsoft will be overseen by CFIUS, a U.S. government panel that has the right to block any agreement, according to the sources, who requested anonymity ahead of a White House announcement. Microsoft cautioned in its statement that there is no certainty a deal will be reached.

State-backed newspaper China Daily on Monday called ByteDance the victim of a "witch hunt" from the United States, and said Washington had not provided evidence to support its allegation that TikTok posed a threat to U.S. national security.

 

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Tiktok in the worst spot I’ve seen it since it’s inception. Finna be the next Snapchat.. u wait

President or Godfather?

Thugs use the same tactics. Forcing a sale is manipulative market interference. NOT in anyway the approach to use if you honestly want America to be great again is it? Brand America is in decline thanks to Trump tactics like this. Sad.

There it is, in bed with Bill Gates. Federal investigators are going to be busy.

I think Microsoft likes to buy lemons.

Most likely repeaters are there.

I do not think Trump should allow any apps from Chinese.

Said he would come out with health care plan in two weeks. Lied. Said he was shutting down TikTok over the weekend. Lied. Unreal

Didn't Microsoft want to buy the app, I mean they don't hate it and this witch-hunt is due to its success.. Privacy queries are just sideshows..😌

So much for small government

Wow!!! How UNCOMFORTING is it to know that the POTUS has time to spend on TikTok !!!!! WTF!!!!

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