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Trump seeks ’key money’ for U.S. Treasury from TikTok sale to U.S. company

Trump seeks ’key money’ for U.S. Treasury from TikTok sale to U.S. company

President Trump is seeking a portion of the sale of TikTok should a US company manage to buy it from current owner ByteDance. On Monday, Trump said that TikTok had until September 15 to sell off its US Business, and that any such sale should give a portion of the profits to the Government. Microsoft is currently in talks to potentially buy TikTok, and CEO Satya Nadella has spoken with Trump.

Pryotra
Pryotra
J. S. Dietrich
J. S. Dietrich 2 months

"'I said a very substantial portion of that price is going to have to come into the treasury of the United States because we’re making it possible for this to happen,' Trump said at the White House on Monday" Not a good enough reason in my book.

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