KONTAN.CO.ID - WASHINGTON. U.S. President Donald Trump said Monday the U.S. government should get a "substantial portion" of the sales price of the U.S. operations of popular short-video app TikTok and warned he will ban the service in the United States on Sept. 15 without a sale. The turnaround came after Trump on Friday said he was planning to ban the Chinese-owned video app's U.S. operations as soon as Saturday after dismissing a possible sale to Microsoft. Reuters reported last week that some investors are valuing TikTok at about $50 billion, citing people familiar with the matter.
Trump: U.S. should get substantial portion of TikTok operations sale price
KONTAN.CO.ID - WASHINGTON. U.S. President Donald Trump said Monday the U.S. government should get a "substantial portion" of the sales price of the U.S. operations of popular short-video app TikTok and warned he will ban the service in the United States on Sept. 15 without a sale. The turnaround came after Trump on Friday said he was planning to ban the Chinese-owned video app's U.S. operations as soon as Saturday after dismissing a possible sale to Microsoft. Reuters reported last week that some investors are valuing TikTok at about $50 billion, citing people familiar with the matter.