Trump Says Sets September 15 Deadline For TikTok To Be Bought By US Company Or Close Down
Faizan Hashmi Published August 04, 2020 | 12:10 AM
WASHINGTON (UrduPoint News / Sputnik - 04th August, 2020) US President Donald Trump said during a meeting at the White House on Monday that he has set September 15 as a deadline for the Chinese video-sharing social networking service TikTok to be bought by an American company or close down.
"I don't mind if... microsoft or somebody else, a big company, a secure company, a very American company buys it," Trump said. "I set a date of around September 15 at which point it's going to be out of business in the United States."
Trump said he spoke with Microsoft CEO Satya Nadella about buying TikTok and approved the plan, adding that a company should completely own TikTok rather than just a percentage.
The US president also said that a substantial portion from the potential sale must go to the US Treasury Department.
Earlier on Monday, Microsoft said it plans to finish negotiations with ByteDance, the parent company of TikTok, on the potential purchase of the video sharing service no later than September 15.
Trump told reporters on Friday that he was planning to ban TikTok from operating in the United States, although he added that his administration was looking into alternative options as well.
Microsoft said that TikTok will be subject to a complete security review and all private data of TikTok's American users will be transferred to the United States in order to ensure transparency and as well as government oversight.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From World
-
NFL will allow players to wear Guardian Cap helmets in games
4 hours ago -
Football: German Bundesliga table
4 hours ago -
Football: Italian Serie A result
4 hours ago -
Football: German Bundesliga results
4 hours ago -
US troops to leave Chad in second African state withdrawal
4 hours ago -
Plastics pollution may be solved without production cap: Canada minister
4 hours ago
-
Biden stalls on menthol cigarette ban fearing Black vote backlash
4 hours ago -
Champions Alcaraz and Sabalenka through in Madrid Open
4 hours ago -
6,000 French police to welcome Olympic torch amid bonus boost
5 hours ago -
Taiwan hit by several quakes, strongest reaching 6.1-magnitude
5 hours ago -
'Ballistic' Bairstow stars as Punjab pull off record T20 chase
5 hours ago -
Tennis: ATP/WTA Madrid Open results - 2nd update
5 hours ago