""I just completed a very productive call with President Xi of China. We made progress on many very important issues including Trade, Fentanyl, the need to bring the War between Russia and Ukraine to an end, and the approval of the TikTok Deal,""
""The call was a very good one, we will be speaking again by phone, appreciate the TikTok approval, and both look forward to meeting at APEC!""
""We thank President Xi Jinping and President Donald J. Trump for their efforts to preserve TikTok in the United States,""
""ByteDance will work in accordance with applicable laws to ensure TikTok remains available to American users through TikTok U.S.""
China and the United States have reported progress toward granting permission for ByteDance to sell TikTok to an American consortium, while the current approval status remains ambiguous and details are sparse. President Donald Trump reported a productive call with President Xi Jinping, citing progress on trade, fentanyl, the Russia-Ukraine war, and TikTok approval, and noted an upcoming APEC meeting. TikTok thanked both leaders and said ByteDance will comply with applicable laws to keep TikTok available to American users through TikTok U.S. The administration previously announced a framework, extended the January 2025 sale deadline, and reporting indicates the deal could take another 30–45 days. Expected buyers include Oracle, Andreessen Horowitz, and Susquehanna International Group, with ByteDance retaining just under 20 percent as required by a 2024 divest-or-ban law.
Read at The Verge
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