Microsoft has suspended talks to buy the U.S. business of Video Sharing app TikTok after Trump on Friday night expressed opposition to the acquisition of TikTok’s U.S. business by a U.S. company, according to u.S. media sources. The talks are not believed to be over, but the two companies are trying to clarify the White House’s position, the report said.
Mr. Trump told reporters on July 31 at his jet, Air Force One, that he would ban TikTok from operating in the United States. “When it comes to TikTok, we’re banning them from operating in the United States.” “I have that power,” Trump said. I can use the executive order… In other words, we’re going to cut off (TikTok’s operations in the U.S.) and we’re going to cut it off. He said he would ban TikTok from operating in the US “as early as Saturday, August 1).”
Not long ago, Mr. Trump said he planned to order the sale of The Owner of Beijing’s Byte Dance Technology Co., Ltd. to own TikTok’s U.S. business.