Wednesday, July 09, 2025 | 04:05 PM ISTहिंदी में पढें

Home / World News / Unusual for firm acquiring TikTok to give funds to US Treasury: White House

Unusual for firm acquiring TikTok to give funds to US Treasury: White House

Trump ordered ByteDance last week to divest TikTok's US operations within 90 days

premium

Trump has said he would support an effort by Microsoft Corp to buy TikTok's American operations if the US government gets a "substantial portion" of the proceeds, but has also said there are other interested potential buyers.

Reuters Washington

2 min read Last Updated : Aug 20 2020 | 7:53 AM IST

President Donald Trump wants to deny China some of the proceeds from the sale of ByteDance's US operations of its video-sharing app TikTok, White House economic adviser Larry Kudlow said on Wednesday, but it would be unusual for any company that acquires TikTok to provide funds to the US Treasury.

"Well he's said that," Kudlow told CNBC when asked about Trump's demand that part of the proceeds from the TikTok sale he has ordered go to the US Treasury.

ALSO READ: Oracle working with investors to acquire TikTok's US business: Report

"I acknowledge that it's unusual. The president has his

Topics : TikTok US Treasury Donald Trump White House Larry Kudlow ByteDance Microsoft Oracle