Trump Says U.S. Should Get Slice of TikTok Sale Price
Posted on AllSides August 4th, 2020
From The Center
President Trump said he was ready to approve a purchase of the U.S. operations of the Chinese video-sharing app TikTok, but only if the government receives “a lot of money” in exchange—an assertion of presidential power that appeared to lack precedent.
Microsoft Corp. MSFT -1.49% said it hopes to acquire TikTok’s business in the U.S. and three other countries. Mr. Trump said he told the company’s chief executive, Satya Nadella, that “a very substantial portion of that price is going to have to come into the Treasury of the United...
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