“President Trump gave the go-ahead for Microsoft to pursue an acquisition of TikTok, in his first public comments about the popular Chinese-owned video app after he had threatened to ban it from the United States entirely,” the New York Times reports.
“He added that the U.S. Treasury Department would need to receive a lot of money in return for the deal, without explaining how that would work.”
The Wall Street Journal quotes Trump: “I did say that ‘If you buy it…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 deal to happen.’ Right now they don’t have any rights unless we give it to them.”
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