Trump suggests a TikTok deal is close as he reveals crunch talks with Xi Jinping while the Ellisons wait in the wings | Fortune
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Trump suggests a TikTok deal is close as he reveals crunch talks with Xi Jinping while the Ellisons wait in the wings | Fortune
"a 'certain' company that young people in our Country very much wanted to save,"
" tech hybrid"
"pop culture and politics are intertwined in the age of Trump."
A meeting between U.S. and Chinese officials concluded with a deal concerning "a 'certain' company that young people in our Country very much wanted to save." The company appears to be TikTok, which faces U.S. legal requirements to be sold or cease operations. President Donald Trump repeatedly extended the deadline on TikTok's fate and remained noncommittal while planning a call with Chinese leader Xi Jinping. Reports have linked Oracle founder Larry Ellison to a potential TikTok takeover. The Ellison family completed David Ellison's takeover of Paramount, envisions Paramount as a " tech hybrid," has recruited top streaming talent, and may pursue additional legacy studio acquisitions such as Warner Brothers, raising the prospect of significant media consolidation.
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