#tiktok-divestiture

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US politics
fromThe Atlantic
1 week ago

Trump's Dodgy Plan for TikTok

Trump's planned transfer of TikTok U.S. operations risks concentrating wealth and media power among loyal allies through an undervalued sale.
fromwww.npr.org
4 weeks ago

Trump advances TikTok deal with new executive order

President Trump gave his formal blessing on Thursday to a deal for a consortium of mostly U.S. investors to take over the short video app TikTok, signing an executive order green-lighting the spinoff and saying it has "good controls" in terms of security and safety. TikTok is owned by Beijing-based ByteDance, but a law passed last year requires the parent company to divest or the app will be banned in the United States over national security concerns.
US politics
US politics
fromSan Jose Spotlight
1 month ago

The White House says TikTok will be sold to a U.S. joint venture - San Jose Spotlight

TikTok ownership will transfer to a U.S. joint venture, reducing ByteDance's stake below 20% to comply with a 2024 U.S. law.
fromwww.bbc.com
1 month ago

Trump and Xi to meet in South Korea as TikTok deal approved

US president Donald Trump said he plans to meet Chinese Premier Xi Jinping in South Korea next month following a phone call in which the Chinese leader also approved of a deal to take control of TikTok's US operations. Trump wrote on Truth Social the call was "productive" and the approval was "appreciated", adding that he would travel to China next year after the two meet.
US politics
US politics
fromMashable
1 month ago

Trump extends TikTok ban deadline as details of potential deal leak

Wealthy Trump allies would gain majority ownership if TikTok's U.S. operations are sold, while China likely retains algorithmic technology and a minority stake.
US politics
fromEntrepreneur
1 month ago

TikTok Deal Is Imminent, President Donald Trump Says | Entrepreneur

The U.S. and China reached a framework deal for ByteDance to divest TikTok to a U.S. buyer, with Oracle reported as a potential frontrunner.
Business
fromBusiness Insider
1 month ago

TikTok's parent company ByteDance is valuing itself at $330 billion. One big investor thinks it's worth even more.

Fidelity values ByteDance at over $385 billion, about 17% higher than ByteDance's $330 billion self-valuation.
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