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by ekrebs 2148 days ago
I'm confused about something and hope someone here can clear it up. A threat of stopping the sale unless the US gets paid "a substantial amount of money" sounds like extortion to me. Is there any precedence for the US getting cuts of acquisitions?
2 comments

There's this for presidential authority:

https://www.law.cornell.edu/uscode/text/50/1702

I do not know on what basis they could therefore demand any payments, though.

Yeah, it's called "taxes".

When companies merge, they pay taxes on the value of the capital, stock or assets acquired during the process of a merger

https://smallbusiness.chron.com/taxable-merger-22406.html

Foreign companies don’t owe the U.S. taxes when U.S. companies buy them.
microsoft isn't foreign
Microsoft isn’t getting bought.
exactly so Microsoft pays