After more than five years of machinations, secret meetings, legislative actions, and confusing messaging, it appears a deal is coming to keep TikTok alive in the US. On Thursday, President Trump signed an executive order that didn’t quite make a deal, but at least gave everyone space to make deal. It’s a concept of a […]
Vice President JD Vance said that the deal would value TikTok US at “around $14 billion.”
President Donald Trump has signed an executive order recognizing the framework of a deal between ByteDance and the US that would satisfy the TikTok divest-or-ban law. The deal values TikTok’s US operations at $14 billion and puts it under the control of companies based in the US. “I spoke with President Xi [Jinping], we had […]
TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data potentially being accessed by the Chinese government. As a result, U.S. users have often found themselves caught in the middle of this tension. Earlier this year, the app […]
In a video from a Turkish broadcaster, a Palestinian woman walks among the rubble, wailing. “Where are my three daughters, my husband, and my cousin?” She went out to get flour, she says, and came back to find her home collapsed, her family apparently trapped inside. Hit pause on the clip and something strange happens: […]
China and the US have “made progress” on granting permission for ByteDance to sell TikTok to an American consortium, fulfilling a nine-months-overdue legal requirement. After saying a tentative deal had been reached Monday and that approval would come Friday, President Donald Trump’s administration has issued an update that leaves the current status ambiguous and the […]
The two countries have been working on a way to save TikTok’s U.S. business, after the TikTok ban in January over national security concerns.
TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data potentially being accessed by the Chinese government. Earlier this year, the app experienced a temporary outage in the U.S. that left millions of users in suspense before it […]
TikTok might not finalize its deal to sell its US operations for at least another month. Sources tell CNBC’s David Faber that the US and China might close on an agreement within the next 30 to 45 days, while Oracle will remain the app’s cloud partner, allowing it to continue routing US user data on […]
The US and China have reached a “framework” deal to divest TikTok from its Chinese parent company, Treasury Secretary Scott Bessent told reporters during trade talks in Madrid on Monday. As noted by Reuters, Bessent confirmed that “the framework is for a switch to a U.S.-controlled ownership.” He said Trump will confirm the deal with […]