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Seven Days: 7 August 2020

Seven Days: 7 August 2020

Microsoft and TikTok

Trump concerns

Microsoft (US:MSFT) intends to push ahead with discussions to potentially acquire video platform TikTok in the US. The tech giant had encountered opposition from President Trump, who sought to ban TikTok – which is owned by Chinese firm ByteDance – amid national security concerns. But after Microsoft chief executive Satya Nadella spoke with the president, Mr Trump ostensibly changed his mind –  giving a deadline of 15 September for a US company to buy the business. In a further twist, Mr Trump said that the US Treasury should receive part of any sale price.

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