8 votes

A summary of the developments over the weekend regarding Microsoft's potential acquisition of TikTok

2 comments

  1. [2]
    Deimos
    Link
    And in a bizarre follow-up this morning, Trump says that the US Treasury should receive a "substantial portion" of the price paid to acquire TikTok: That... makes very little sense. TechCrunch...

    And in a bizarre follow-up this morning, Trump says that the US Treasury should receive a "substantial portion" of the price paid to acquire TikTok:

    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. Right now they don’t have any rights, unless we give it to ’em. So if we’re going to give them the rights, then it has to come into, it has to come into this country.

    It’s a little bit like the landlord-tenant [relationship]. Uh, without a lease, the tenant has nothing. So they pay what is called “key money” or they pay something. But the United States should be reimbursed, or should be paid a substantial amount of money because without the United States they don’t have anything [...].

    That... makes very little sense. TechCrunch published a transcript of the whole explanation if you want to read that (the quoted part was about a quarter of it).

    5 votes
    1. moocow1452
      Link Parent
      I'm not adverse to the idea of corporations paying the US to buy out other corporations, but for Trump to put his foot down now, when Disney/Fox, Sprint/T-Mobile, and whatever is going on in...

      I'm not adverse to the idea of corporations paying the US to buy out other corporations, but for Trump to put his foot down now, when Disney/Fox, Sprint/T-Mobile, and whatever is going on in FAANGland has been unregulated so far, seems a little biased to me, IMO.

      1 vote