Trump Allows US Company to Buy TikTok, Sets September as Deadline

Tik Tok media App Illustration
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Trump Allows US Company to Buy TikTok, Sets September as Deadline

Tik Tok media App Illustration
(Photo by Chesnot/Getty Images)

President Donald Trump on Monday gave the green light for a U.S. company to acquire TikTok, a short-video app owned by Beijing-based internet giant Bytedance Technology Co. used by millions of mostly young Americans. He was called by Microsoft and allowed the company or another U.S. company to buy TikTok, the president said. “I suggested that he could go ahead … I set a date of around September 15, at which point it’s going to be out of business in the United States,” he said. “But if somebody—whether it’s Microsoft or somebody else—buys it, that’ll be interesting.” Microsoft confirmed on Sunday in a statement that the deal is under discussion and committed to complete the discussion no later than Sept. 15.

Source: Trump Allows US Company to Buy TikTok, Sets September as Deadline

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