US should get a very large percentage of TikTok sale proceeds: Trump

Tuesday, 4 August 2020Newsdesk

President Donald Trump has demanded that the US treasury should get a substantial chunk of the TikTok sale proceeds, as he set September 15 as the deadline for the popular Chinese short video app to be out of business in the country unless it is bought by an American company. Trump was speaking to reporters at a White House news conference on Monday, hours after it announced the deadline for TikTok to stop operations in the US.

New Delhi, 04 August 2020

As per news report of PTI, Technology giant Microsoft is in talks with TikTok's parent company ByteDance to buy its US operation. However, the president is in favour of a complete 100 per cent purchase and not the 30 per cent as reportedly being negotiated now. The United States should get a very large percentage of that price because we're making it possible. Without us, you know, I use the expression, it's like the landlord and the tenant. And without the lease, the tenant doesn't have the value, Trump said.

Source -PTI