White House Press Secretary Karoline Leavitt appeared on Fox News today and said a deal (but not signed) has been reached that will make Tiktok’s U.S. business stand out under most U.S. ownership.
Levitt said the Americans will occupy six of the seven board seats in the reorganized Tiktok, while the algorithms of the short form video app will be American-controlled, According to Bloomberg.
“So, all these details have been agreed upon, and now we just need to sign this deal, which will happen in the next few days,” Leavitt said.
Bloomberg also reported that senior White House officials said new investors in Tiktok will include Oracle, Andreessen Horowitz and private equity firm Silver Lake Management, which Oracle is responsible for the security and security of the application. It is reported that the current owners will have less than 20% of the company’s deviation.
President Donald Trump Repeated extension of deadline Tiktok’s bills are prohibited if not sold to new owners. He said on Friday that Chinese President Xi Jinping The transaction was approved.
