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Trump's 'key money' request complicates Microsoft-TikTok deal |
August 04, 2020
Microsoft confirmed on Sunday that it is interested in buying the American business of ByteDance’s popular TikTok social-networking service, pending a review by the Trump administration, with the intention of closing the deal by mid-September. President Trump, however, had his own demands.Microsoft’s announcement caps off an eventful weekend that began Friday night with President Trump stating that he would ban TikTok, the Chinese short-form social video service. Rumors then began swirling that Microsoft was interested in aquiring the company, but that Trump’s opposition to the service might prevent the deal from occurring. A Sunday-night blog post from Microsoft confirms that the deal is, in fact, in the works.To read this article in full, please click here
Link: https://www.pcworld.com/article/3569431/trumps-key-money-request-complicates-microsoft-tiktok-deal.html#tk.rss_all
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