Report: You can buy TikTok, but you have to give the U.S. government a cut – News

What a difference a couple of days makes.

On Friday night, President Trump told reporters on Air Force One, “As far as TikTok is concerned, we’re banning them from the United States.” That would have preempted a sale to Microsoft, as the company was in talks to purchase the short-form video platform—or at least parts of it—from its Chinese parent company, ByteDance.

Trump has since spoken with Microsoft chief Satya Nadella and now seems to be open to the deal. “I don’t mind whether it’s Microsoft or somebody else—a big company, a secure company, a very American company buy it,” the president told reporters today, according to The Wall Street Journal.

Of course, it’s not that simple. Trump said the deal would have conditions, namely: “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.”

Neither the White House nor Microsoft issued further statements.

TikTok, which has amassed 100 million American users, has come under increasing scrutiny for perceived privacy and security issues. India recently banned the app along with dozens of others based in China, and some lawmakers want the U.S. to do the same.

The post Trump to Microsoft: You can buy TikTok, but you have to give the U.S. government a cut appeared first on Fast Company.

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