As well as the billions Microsoft is going to PAY CHINA for it
The Chinese-owned short-video app TikTok could be sold to Microsoft after an apparent change of mind by US President Donald Trump.
On Friday, Mr Trump said he intended to ban TikTok from the US because of concerns about the data of American users and he appeared to dismiss the idea of a takeover by a US company.
America has repeatedly warned of a security threat from Beijing and accused it of billions of dollars’ worth of intellectual property theft. China has denied the claims.
But following a discussion between Mr Trump and Microsoft chief executive Satya Nadella on Sunday, the tech giant said it had been given the go ahead to negotiate a complete buyout with TikTok’s parent company ByteDance with discussions completed “no later than 15 September”.
Mr Trump said on Monday that the US government should get a “substantial portion” of the sales price and warned he will ban the service in the US on 15 September without a sale.