US should get large share of TikTok sale proceeds: Trump

New York: US President Donald Trump has said that the country should get a large percentage of the proceeds if part of the short video-sharing platform TikTok’s business is bought by an American firm.

Trump said that he made the demand that a “substantial portion” of that price should come into the US Treasury during a conversation with Microsoft CEO Satya Nadella over the weekend.

Microsoft on Sunday confirmed that it wanted to proceed with talks to purchase the US business of TikTok.