US President Donald Trump immediately introduced that TikTok will likely be banned in US if not bought to Microsoft or one other acceptable firm by September 15.
He additionally talked about that the U.S. Treasury Division would want to obtain some huge cash in return for the deal. We’re not certain what he precisely meant by this assertion.
Microsoft’s role in the sale of the US division of TikTok has been primarily rumor, however final night time Microsoft launched an announcement which for the primary time confirms their intent to buy the corporate, and in addition reveals that greater than the US market is concerned.
“Microsoft will move quickly to pursue discussions with TikTok’s parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020. During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President,” yesterday Microsoft stated in an announcement. You may learn Microsoft’s full response here.