There's more though - Microsoft says it's planning to complete their discussions with the China-run TikTok team no later than September 15 - and in the meantime. they'll continue to brief Uncle Sam and co. on where they stand. Sounds like the feds are onboard with this.
If the deal goes through, that would result in Microsoft acquiring TikTok operations not just in the USA but also Canada, New Zealand and Australia.
"You can't be controlled, for security reasons, by China".
Trump brought up the unusual demand on Monday when recounting his phone call with Microsoft CEO Satya Nadella about the company's bid to buy TikTok. Microsoft has focused mainly on enterprise software for the past decade, though it does own professional networking site LinkedIn. "The United States should get a very large percentage of that price because we're making it possible".
"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", Trump said. The White House had insisted upon that deadline, according to people familiar with the matter. "But the United States should be reimbursed or should be paid a substantial amount of money".
It's unclear under which federal authority Trump is speaking to as the USA government does not take cuts of the deals it approves.
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The panel had also recommended that the clinical trial sites which have been proposed for the study be distributed across India. The vaccine, Ad26.COV2.S, induced a robust immune response in monkeys, demonstrated by high levels of neutralising antibodies.
Not everyone is pleased with the idea of a Microsoft acquisition.
A federal committee has been reviewing whether Mr. Trump could ban TikTok in the U.S. Its members agree that TikTok can't remain in the U.S.in its current form because it "risks sending back information on 100 million Americans", Treasury Secretary Steven Mnuchin said.
The video app has an estimated 65-80 million active monthly users in the US, who share short videos with quick edits, music and filters.
Also on Monday, White House trade adviser Peter Navarro suggested that Microsoft could shed its holdings in China if it buys TikTok's United States business. TikTok CEO Kevin Mayer said in a blog post last week that the company was committed to following USA laws and was allowing experts to observe its moderation policies and examine the code that drives its algorithms.
Before completing the purchase, Microsoft will ensure all private user data can be transferred to the United States, and existing servers would have any user data deleted. "With TikTok in China, it's subject to Chinese Communist Party laws that may require handing over data to their government".
"So the question is, is Microsoft going to be compromised?" "Maybe Microsoft could divest its Chinese holdings?" Navarro said in an interview with CNN.
Still, U.S. lawmakers and administration officials have favored shutting down the application altogether to send a message to China after Beijing restricted American companies such as Facebook Inc., Twitter Inc. and Alphabet Inc.'s Google.