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Trump Calls TikTok ‘Hot’ As He Reveals He Expects Money From Potential Microsoft Deal

by : Emma Rosemurgey on : 04 Aug 2020 13:07
Trump Calls TikTok 'Hot' As He Reveals He Expects Money From Potential Microsoft DealTrump Calls TikTok 'Hot' As He Reveals He Expects Money From Potential Microsoft DealPA Images

After boldly stating he’d rather see TikTok banned than sold to a US-based company, Donald Trump has performed the ultimate U-turn by seemingly giving the deal his seal of approval.

The video sharing app is currently owned by China-based company ByteDance, which owns a number apps and services, but looks set to be taken over by US-based Microsoft.

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President Trump has now U-turned and appears to have endorsed a deal between ByteDance and Microsoft, and even revealed that he expects a chunk of the sale price to land in the laps of the American government.

Donald TrumpDonald TrumpPA Images

After speaking to Microsoft CEO Satya Nadella, Trump revealed the pair had a ‘great conversation,’ in which he said the deal can’t be controlled by China ‘for security reasons,’ adding that he doesn’t mind a US company buying shares in TikTok.

‘And here’s the deal. I don’t mind if, whether it’s Microsoft or somebody else — a big company, a secure company, a very American company — buy it,’ he said, as Tech Crunch reports.

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He added:

It’s probably easier to buy the whole thing than to buy 30% of it. ‘Cause I say how do you do 30%? Who’s going to get the name? The name is hot, the brand is hot. And who’s going to get the name? How do you do that if it’s owned by two different companies? So, my personal opinion was, you are probably better off buying the whole thing rather than buying 30% of it. I think buying 30% is complicated.

Trump went on to say that he set a date of around September 15, when TikTok will be ‘out of business in the United States,’ unless the US company gets its hands on it.

Trump Calls TikTok 'Hot' As He Reveals He Expects Money From Potential Microsoft DealTrump Calls TikTok 'Hot' As He Reveals He Expects Money From Potential Microsoft DealUnsplash
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Perhaps the most bizarre part of the conversation came when Trump confessed he thinks a substantial proportion of the money ‘is going to have to come into the Treasury of the United States, because we’re making it possible for this deal to happen.’

He added:

Right now they don’t have any rights, unless we give it to ’em. So if we’re going to give them the rights, then it has to come into, it has to come into this country.

The president described it as a ‘landlord-tenant’ relationship, saying ‘the United States should be reimbursed, or should be paid a substantial amount of money because without the United States they don’t have anything, at least having to do with the 30%.’

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Emma Rosemurgey

Emma Rosemurgey is an NCTJ trained Journalist who started her career by producing The Royal Rosemurgey newspaper in 2004, which kept her family up to date with the goings on of her sleepy north east village. She graduated from the University of Central Lancashire in Preston and started her career in regional newspapers before joining Tyla (formerly Pretty 52) in 2017, and progressing onto UNILAD in 2019.

Topics: Technology, China, Donald Trump, Microsoft, Now, TikTok

Credits

Tech Crunch
  1. Tech Crunch

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