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Trump says China or Microsoft should pay U.S. a share of any TikTok sale proceeds

Credit: REUTERS/FLORENCE LO

August 03, 2020 — 06:04 pm EDT

Written by Pete Schroeder for Reuters ->

WASHINGTON, Aug 3 (Reuters) - The U.S. government should receive a "big percentage" of the proceeds from any sale of the U.S. operations of TikTok to Microsoft, President Donald Trump said on Monday.

Trump told reporters that the United States would make any sale of the Chinese-owned video app possible, and therefore deserves a share of the proceeds, whether it comes from China or Microsoft.

(Reporting by Pete Schroeder; Editing by Sandra Maler)

((Pete.Schroeder@thomsonreuters.com; + 1 202-310-5485;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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