President Trump's advisers are set to present options for a TikTok investment deal, involving major tech companies and private equity. With a deadline approaching on April 5, U.S. lawmakers are pushing for TikTok to be sold to a U.S. entity or face a ban. Key players like Oracle and Blackstone are expected to participate, yet critical hurdles remain. Trump's approval and China's President Xi Jinping's reluctance to part with TikTok's algorithm complicate the process, making legal and diplomatic negotiations imperative to secure a successful transaction.
Advisers to President Donald Trump are anticipated to propose options for a deal to invest in TikTok, aiming to detach it from Chinese ownership by a looming deadline.
Significant players in the potential TikTok deal include venture capital, private equity funds, and tech companies, notably Oracle and Blackstone, as lawmakers push for a US ownership.
China's President Xi Jinping remains opposed to relinquishing valuable technology like TikTok's algorithm, posing a critical challenge for any proposed deal between the US and TikTok.
The urgency for a deal is underscored by the impending April 5 deadline, which mandates that TikTok must be sold to a US entity or face a ban.
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