Trump calls TikTok a hot brand, demands a chunk of its sale price

Trump calls TikTok a hot brand, demands a chunk of its sale price

4 years ago
Anonymous $qOHwDUKgAF

https://techcrunch.com/2020/08/03/trump-calls-tiktok-a-hot-brand-demands-a-chunk-of-its-sale-price/

Today the President appeared to bless the budding Microsoft-TikTok deal, continuing his evolution on a possible transaction. After stating last Friday that he’d rather see TikTok banned than sold to a US-based company, Trump changed his tune over the weekend. TikTok is owned by China-based company ByteDance, which owns a portfolio of apps and services.

A weekend phone call between Satya Nadella, the CEO of Microsoft, and the American prime appeared to change his mind, leading to the software company sharing publicly on Sunday that it was pursuing a deal.

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