Donald Trump is gearing up to finalize a proposal regarding TikTok, which must find a non-Chinese buyer before facing a potential US ban. Key officials will meet to strategize around the sale, which involves significant players like Blackstone and venture capital firm Andreessen Horowitz looking to invest in the US operations of TikTok. Trump has emphasized that a deal should be completed by an impending deadline, reflecting concerns over national security linked to the app's Chinese ownership and investment arrangements with firms involved in the negotiation process.
Trump's administration is orchestrating an auction for TikTok, mandating that the app secure a non-Chinese buyer by an upcoming deadline to avoid a ban.
The administration's approach mirrors that of an investment bank, with key officials convening to discuss potential sales and investments to ensure TikTok's US operations.
Efforts are underway from various American investors including Blackstone and Andreessen Horowitz to facilitate a deal that would buy out TikTok's Chinese stakeholders.
A deal must be finalized quickly, as the deadline looms, raising national security concerns regarding the app's Chinese ownership.
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