President Trump Friday Announce The Tiktok deal has the potential to see a video platform controlled by the U.S. Investors Alliance, which has been approved by the Chinese President XI. Tiktok owner bytedance A public statement was also issued Says the company will work to ensure that tiktok “through tiktok we can still use it to US users”
No further details about the transaction were provided at the time.
Both countries have been working hard to save Tiktok’s US business, after which Tiktok ban in January Solve national security issues. That ban is Shelved The Trump administration has repeatedly objected to consumers and creators as they object to the app’s removal.
This week, Trump hinted in his social media platform truth that a deal has been reached and that the buyer will be announced soon. Investors including Oracle, Silver Lake and Anderson Horowitz confirmed a report from the Wall Street Journal Will have 80% of the people in the US Tiktok entityChinese shareholders own the rest. The board of directors of the new company will also be mainly from the United States, a board member appointed by the U.S. government itself.
Trump noted on Friday’s Truth Social Account that “the phone is a very good call and we will speak again over the phone, thanks Tiktok for approval.” One of the items mentioned during the phone call was approval of the deal, he said.
exist Tiktok’s websitethe company shared a statement attributed to an orc spokesman, which reads: “We thank President Xi Jinping and President Donald J. Trump for their efforts to preserve Tiktok in the United States. The binding will ensure that Tiktok continues to use Tiktok through Tiktok Us to provide available Tiktok to U.S. users through Tiktok Us.
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