The Chinese company ByteDance receives the ultimatum directly from the president of the United States
The president of the United States, Donald Trump, he stated during a briefing of the White House that an American company will have to buy Tiktok, has time until September 15, 2020 . If not, the tycoon will force the popular Chinese origin platform ad abandon the local market with an executive ban.
So, September 15, 2020 is the date to keep in mind to find out what will happen to TikTok on US soil. Microsoft itself has indicated that date as deadline for the agreements entered into after the presidential green light to proceed in that direction.
The US Foreign Investment Commission has set this date; so as to grant an extra time of 45 days to Microsoft to submit and discuss the purchase request.
If ByteDance decides to accept the terms of Microsoft, or another "very American society”, It would no longer control the US market. According to Microsoft, the agreement would also include the transfer of management of the Canadian markets, Australia is New Zealandto.
In response, TikTok published the following statement: "TikTok is loved by 100 million Americans, because it is a home for entertainment, personal expression and connection. We are motivated by their passion and creativity, and are committed to continuing to bring joy to families and meaningful careers to those who create on our platform as we build TikTok for the long term. TikTok will be here for many years to come".