Tik Tok
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Interesting to see if they can get it done in 45 days.
I am sure that Byte Dance has a higher expectation of what they think Tiki's Tok is worth.
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https://lite.cnn.com/en/article/h_ae0cf56403b2a18518874d5f971120ef
"After days of whiplash over the future of TikTok, President Donald Trump said he would allow an American company to acquire the short-form video app — with a catch.
"In an unusual declaration, Trump also said any deal would have to include a "substantial amount of money" coming to the US Treasury.
"The President's requirement that some of the money from the deal go to the US Treasury doesn't have a basis in antitrust law, according to Gene Kimmelman, a former chief counsel for the US Department of Justice's Antitrust Division . . . 'This is quite unusual, this is out of the norm," Kimmelman said. "It's actually quite hard to understand what the president is actually talking about here.'"
Welcome to the world, Gene.
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https://lite.cnn.com/en/article/h_ae0cf56403b2a18518874d5f971120ef
"After days of whiplash over the future of TikTok, President Donald Trump said he would allow an American company to acquire the short-form video app — with a catch.
"In an unusual declaration, Trump also said any deal would have to include a "substantial amount of money" coming to the US Treasury.
"The President's requirement that some of the money from the deal go to the US Treasury doesn't have a basis in antitrust law, according to Gene Kimmelman, a former chief counsel for the US Department of Justice's Antitrust Division . . . 'This is quite unusual, this is out of the norm," Kimmelman said. "It's actually quite hard to understand what the president is actually talking about here.'"
Welcome to the world, Gene.
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Conservative support for free enterprise at it's finest.
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"In an unusual declaration, Trump also said any deal would have to include a "substantial amount of money" coming to the US Treasury
Lolwut?
He went on to say 'because he made the deal possible'.
If Obama said that Sean Hannity would have set himself on fire.
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“I did say that if you buy it, whatever the price is that goes to whoever owns it, because I guess it’s China essentially … I said a very substantial portion of that price is going to have to come into the Treasury of the United States because we’re making it possible for this deal to happen,” Trump said.
Trump later defended his push for a cut, adding “nobody else would be thinking about but me, but that’s the way I think.”
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We should be thankful he isn't expecting the money to go to him personally.
