TikTok

Trump drops opposition to Microsoft bid for TikTok

Donald Trump has abandoned his opposition to Microsoft buying TikTok while vowing to ban the Chinese-owned video app in the US unless an American company acquired it by September 15.

In remarks at the White House, Mr Trump added another complication to Microsoft’s pursuit of the app, insisting the US government should receive a portion of any sale price because Washington would be helping the deal by allowing TikTok to continue to operate in the country.

The White House did not respond to a question about how the Treasury would be paid as part of the TikTok sale, given that it would be a private sector deal.

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