Trump on Monday set the deadline for TikTok to find American buyers on September 15, otherwise he said he would close the country’s apps. Trump also stated in an unusual statement that any transaction must include “a large amount of money” entering the U.S. Treasury Department.
Trump said: “Now they don’t have any rights unless they give them. Therefore, if we want to give them rights, then…must enter this country.” “This is a huge asset, but in the United States, unless Get approval from the United States, otherwise this is not a huge asset.”
Gene Kimmelman, the former chief adviser of the U.S. Department of Justice’s Antitrust Department and current senior adviser to the U.S. Department of Justice, said that the president̵
Kimmelman said: “It’s very unusual, it’s unreasonable.” “It’s actually hard to understand what the president is talking about here… It’s not unheard of that transactions have a broader geopolitical impact between countries. But it’s very important to consider some form of connection. Make a transaction.”
TikTok said it will continue to work on its large US user base.
Company spokesperson Josh Gartner said in a statement: “TikTok is loved by 100 million Americans because it is a home for entertainment, self-expression and connection.” “TikTok will stay here a lot. year.”
“[Microsoft] Committed to the acquisition of TikTok, and accept a comprehensive security review, and provide appropriate economic benefits for the United States (including the U.S. Treasury Department). The company said, adding that it will “promptly” engage in dialogue with ByteDance and “will be completed within a few weeks.”
After Trump’s speech on Monday, Microsoft declined to comment on this blog.
Mark Lemley, director of the Law, Science and Technology Program at Stanford University, said: “This is unnecessary, but to make the Trump administration hostile to China’s ownership of any technology company.” Real evidence “, indicating that the Chinese ownership of the application constitutes a security threat.
Limley said: “On the contrary, I think it is part of the Internet splitting into a network of competing countries.” “I think this is a problem, dividing TikTok into different national entities…only makes this problem become. Worse.”
White House trade adviser Peter Navarro expressed concern about a potential acquisition by Microsoft because the company has ties to China on the grounds that Microsoft provides Microsoft services in the country, including its Bing search engine and Skype video calling platform.
In addition to selling TikTok to US buyers, ByteDance may also consider other measures to further keep it isolated from the Sino-US war.
The company said: “In view of the current situation, ByteDance has been evaluating the possibility of establishing TikTok headquarters outside the United States in order to better serve our global users.”
Hadas Gold of CNN Business contributed to this report.