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fromwww.aljazeera.com
2 months ago
US politics

US President Donald Trump signs order outlining TikTok sale plan

President Trump ordered ByteDance to divest TikTok US assets to US investors within 120 days, with Oracle and others taking a major stake.
fromwww.theguardian.com
2 months ago
US politics

Trump signs executive order to transfer TikTok to US owners

TikTok will be spun off to American-owned company with Oracle-led investors controlling US operations, algorithm and user data, reducing ByteDance stake below 20%.
more#tiktok
fromFortune
2 months ago

JD Vance values TikTok the same as Snapchat's parent, and Wall Street loses its mind. 'This is crazy' | Fortune

President Donald Trump signed an executive order on Thursday, clearing the way for a deal to put TikTok in U.S. hands following a divestiture by its Chinese parent ByteDance. That avoids a total shutdown of the app in the U.S. that was required by law unless TikTok shed its China-based owner. Speaking as the president signed the executive order in the Oval Office, Vance pegged TikTok's worth at $14 billion-equal to Snapchat parent Snap.
US politics
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