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Trump hold the TikTok ban decision for next 45 days !

Trump hold the TikTok ban decision for next 45 days ! President Trump reportedly allowed Microsoft to pursue a sale of the wil...



Trump hold the TikTok ban decision for next 45 days !



Trump hold the TikTok ban decision for next 45 days !


President Trump reportedly allowed Microsoft to pursue a sale of the wildly popular short-form video app TikTok on the condition that a deal be reached within 45 days, no later than September 15, 2020.

The Treasury Department's Committee on Foreign Investment within the us (CFIUS), which scrutinizes foreign deals for potential security risks, gave the deadline to Microsoft and ByteDance, the Chinese firm that owns the app, Reuters reported, citing three people familiar with the matter.
The White House and CFIUS didn't immediately answer requests for comment. 

TikTok has been under a cloud of scrutiny from the Trump administration and members of Congress over fears that Americans' user data isn't secure within the hands of a Chinese-owned app. Trump said Friday that he was exploring a ban of the app's operations within the U.S. and expressed opposition to the thought of an American company like Microsoft acquiring it.

But Microsoft said Sunday evening that it'd move forward with efforts to accumulate the service following a discussion between Trump and Satya Nadella, the tech giant's chief executive.
Trump hold the TikTok ban decision for next 45 days !

"Microsoft fully appreciates the importance of addressing the President's concerns," the company said during a blog post. "It is committed to acquiring TikTok subject to a whole censoring and providing proper economic benefits to the USA , including the United States Treasury."

Microsoft said that it'd complete discussions with TikTok by Sept. 15. the companies have both provided a notice of intent to CFIUS to explore a proposal which may give Microsoft ownership of the app in us , Canada, Australia, and New Zealand.
Trump hold the TikTok ban decision for next 45 days !




Democrats and Republicans are broadly in alignment when it involves the view that TikTok presents a national security risk. Lawmakers have argued that local laws in China present the prospect for the govt. in Beijing to seize user data from Americans.

TikTok has strongly pushed back against these allegations, with CEO Kevin Mayer calling them "rumors and misinformation." After Trump threatened to ban the service within the U.S. on Friday, the company said during a press release that Americans' information is secure.


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