TIKTOK INC. et al v. TRUMP et al
Filing
15
MOTION for Preliminary Injunction MOTION to Expedite by BYTEDANCE LTD., TIKTOK INC. (Attachments: #1 Memorandum in Support, #2 Declaration, #3 Declaration, #4 Declaration, #5 Declaration, #6 Exhibit, #7 Exhibit, #8 Exhibit, #9 Exhibit, #10 Exhibit, #11 Exhibit, #12 Exhibit, #13 Exhibit, #14 Exhibit, #15 Exhibit, #16 Exhibit, #17 Exhibit, #18 Exhibit, #19 Exhibit, #20 Exhibit, #21 Exhibit, #22 Exhibit, #23 Exhibit, #24 Exhibit, #25 Exhibit, #26 Exhibit, #27 Exhibit, #28 Exhibit, #29 Exhibit, #30 Exhibit, #31 Exhibit, #32 Exhibit, #33 Exhibit, #34 Exhibit, #35 Exhibit, #36 Exhibit, #37 Exhibit, #38 Exhibit, #39 Exhibit, #40 Exhibit, #41 Exhibit, #42 Exhibit, #43 Text of Proposed Order)(Hall, John). Added MOTION to Expedite on 9/24/2020 (zeg).
Case 1:20-cv-02658-CJN Document 15-34 Filed 09/23/20 Page 1 of 3
EXHIBIT 28
TikTok deal: Trump wants the arrangement to pour $5 billion into 'real history' education.... Page 1 of 4
Case 1:20-cv-02658-CJN Document 15-34 Filed 09/23/20 Page 2 of 3
Trump wants the TikTok deal to pour $5
billion into 'real history' education. It's not
that simple
LIVE TV
By Alexis Benveniste and Jill Disis, CNN Business
Updated 10:15 AM ET, Mon September 21, 2020
New York / Hong Kong (CNN Business) — President Donald Trump is adamant that a tentative deal involving
short-form video app TikTok will include a $5 billion fund to "educate people" about the "real history of
our country."
That appears to have taken TikTok's Chinese parent company ByteDance by surprise, and created
even more confusion about how the finer points of an already complicated deal will work in practice.
Trump mentioned the fund at a rally in North Carolina on Saturday, as he signaled his approval of a deal
between ByteDance, Oracle (ORCL) and Walmart (WMT).
The deal — which would temporarily avert a ban on TikTok in US app stores — would see Walmart and
Oracle take a stake of up to 20% in a newly created US-based entity, TikTok Global. Beijing-based
ByteDance says it will retain 80%.
As part of the deal, Trump said he asked the
companies to "do me a favor" by putting "$5 billion
into a fund for education, so we can educate
people as to [the] real history of our country — the
real history, not the fake history."
ByteDance unaware
Related Article: What's happening
with TikTok? Here's the latest
illegal.
This isn't the first time Trump has floated the idea
that a TikTok deal should include some kind of
monetary reward for the US government. He
previously expressed a desire for the companies
involved with the deal to give money to the US
Treasury, but last week said he was surprised
when he was told such an arrangement would be
Trump's latest remarks have done little to clarify how an education fund would work, creating even
more confusion.
It's not just observers who are scratching their
heads. ByteDance said Sunday that it was
https://www.cnn.com/2020/09/20/business/trump-education-fund/index.html
9/22/2020
TikTok deal: Trump wants the arrangement to pour $5 billion into 'real history' education.... Page 2 of 4
Case 1:20-cv-02658-CJN Document 15-34 Filed 09/23/20 Page 3 of 3
unaware that a multibillion dollar education fund
LIVE TV
"Some news media reported that TikTok will set up
a $5 billion education fund in the United States,"
ByteDance said in a statement posted Sunday on
Chinese social media. "We would like to clarify that
it was also our first time hearing about the news."
Related Article: What's happening with
TikTok? Here's the latest
students around the world."
The company added that it "has been committed
to investing in the education field, and plans to
work with partners and global shareholders to
launch online classroom projects based on AI
[artificial intelligence] and video technology for
A slew of other statements released by ByteDance, Oracle and Walmart over the past couple of days
could shed some light on what Trump might have in mind.
While Walmart and Oracle did not mention anything about an education fund in a statement released
over the weekend, like ByteDance, they mentioned an "AI-driven" initiative for students. And they did
say that the new TikTok Global entity "will pay more than 5 billion in new tax dollars to the US Treasury."
In a statement Monday, ByteDance described the "so-called tax payment" as "an estimation of the
corporate income tax and other operating taxes that TikTok will need to pay for its business
development in the next few years."
Trump's education agenda
There is another possible explanation for Trump's remarks: The president appears to be trying to get
some extra mileage out of the proposed TikTok deal by tying it together with his attacks on what he has
called "the liberal indoctrination of America's youth." For weeks, he has been waging battles on
interpretations of history that he claims are un-American, including The New York Times' 1619 Project.
In a Constitution Day speech last week, Trump called the Pulitzer Prize-winning 1619 Project "toxic
propaganda." The project reframes American history around the year when the first slave ship arrived
on the country's shores.
Trump also tweeted earlier this month that the Department of Education was looking into reports that
California schools would teach the project in schools, adding that "If so, they will not be funded!" (It's not
really clear how widespread this phenomenon is. Some schools have said they will adopt the 1619
Project into their lessons, but how many isn't known.)
— Brian Fung and Sherisse Pham contributed to this report.
Search CNN...
https://www.cnn.com/2020/09/20/business/trump-education-fund/index.html
9/22/2020
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