Wednesday, August 5, 2020

WSJ News Exclusive | Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition

Microsoft Corp. has paused negotiations to purchase the U.S. operations of the video-sharing app TikTok after President Trump stated late Friday he opposes the deal, in keeping with folks accustomed to the matter.

The president’s statements spurred TikTok to make extra concessions, together with agreeing so as to add as many as 10,000 jobs within the U.S. over the subsequent three years, however it isn’t clear if these will alter Mr. Trump’s stance, one of many folks stated.

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