Skip to content
July 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • International News
  • Republican senators back plan to sell TikTok’s U.S. operations
  • International News

Republican senators back plan to sell TikTok’s U.S. operations

Admin August 2, 2020
united states

Several Republican senators on Sunday backed a plan by China’s ByteDance to divest the U.S. operations of TikTok after President Donald Trump said on Friday he had decided to ban the popular short-video app.

Senator John Cornyn, a Texas Republican, said on Twitter that a divestment “and purchase by U.S. company is win-win.”

Senator Roger Wicker, a Republican who chairs the Commerce Committee, echoed Cornyn but added that “tight security measures need to be part of any deal in order to protect consumer data and ensure no foreign access.”

Treasury Secretary Steven Mnuchin told ABC on Sunday that the Committee on Foreign Investment on the United States “agrees that TikTok cannot stay in the current format because it risks sending back information on 100 million Americans.”

Mnuchin said he and U.S. congressional leaders “all agree there has to be a change.” He added that Trump could “either force a sale or the president can block the app using (International Emergency Economic Powers Ac).”

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles.

Reuters reported on Saturday that ByteDance, in a bid to save a deal with the White House, agreed to divest the U.S. operations of TikTok completely.

ByteDance was previously seeking to keep a minority stake in the U.S. business of TikTok, which the White House had rejected. Under the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over TikTok in the United States, according to sources.

Republican Senator Marco Rubio on Sunday said on Twitter “if the company & data can be purchased & secured by a trusted U.S. company that would be a positive & acceptable outcome.”

On Saturday, Republican Senator Lindsey Graham said the “right answer” to address security concerns about TikTok would be to “have an American company like Microsoft take over TikTok. Win-win. Keeps competition alive and data out of the hands of the Chinese Communist Party.”

Republican
U.S President, Donald Trump

Secretary of State Mike Pompeo told Fox News on Sunday that Trump “will take action in the coming days with respect to a broad array of national security risks that are presented by software connected to the Chinese Communist Party.”

Microsoft Corp entered into talks to buy ByteDance-owned TikTok, the New York Times reported on Friday, citing a source.

The discussions between Microsoft and TikTok were first reported earlier on Friday by FOX Business, the Times said.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: ABC ByteDance Lindsey Graham Marco Rubio Mike Pompeo TikTok Twitter

Post navigation

Previous Sonny Aragba-Akpore bows out of NCC
Next COVID-19: Lagos discharges 31 Nigerians, 6 foreigners

Related Stories

Oil jumps 4% as new military strikes threaten Hormuz shipments crude oil
  • Business & Economy
  • International News

Oil jumps 4% as new military strikes threaten Hormuz shipments

July 13, 2026
US-Iran escalation could threaten 2027 oil market surplus, IEA says reserves crude oil
  • International News

US-Iran escalation could threaten 2027 oil market surplus, IEA says

July 10, 2026
South African protesters go door-to-door forcing immigrants from their homes
  • International News

South African protesters go door-to-door forcing immigrants from their homes

July 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Police arrests man over alleged murder of lover in Rivers Police
  • Metro News

Police arrests man over alleged murder of lover in Rivers

July 14, 2026
Court hears how billionaire businessman, Adimike, was allegedly stabbed to death by his children
  • Crime and Justice

Court hears how billionaire businessman, Adimike, was allegedly stabbed to death by his children

July 14, 2026
FG gives details of Nigeria-Hong Kong agreement on taxation
  • Business & Economy

FG gives details of Nigeria-Hong Kong agreement on taxation

July 14, 2026
Troops Block Interstate Gun-Running Route, Intercept Weapons Shipment, Foils Trafficking Network in Kaduna Soldiers beat policemen
  • National News

Troops Block Interstate Gun-Running Route, Intercept Weapons Shipment, Foils Trafficking Network in Kaduna

July 13, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.