#tiktok-sale
#tiktok-sale
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US politics
fromBusiness Insider
6 days agoTikTok finally cut a deal, but there's still plenty of uncertainty about what comes next
President Donald Trump approved a roughly $14 billion sale of TikTok to a US-controlled investor consortium, leaving significant unanswered questions about ownership and oversight.
fromFast Company
6 days agoTrump's new executive order declares TikTok's value, and its far lower than analysts' estimates
President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok's U.S. operations to U.S. and global investors will address the national security requirements in a 2024 law. The new U.S. company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag on the popular short video app far below some analyst estimates.
US politics
fromSan Jose Spotlight
1 week agoTrump executive order clears way for TikTok deal - San Jose Spotlight
The agreement gets the app one step closer to complying with a 2024 law that forced ByteDance, TikTok's China-based corporate owner, to sell the platform or have the app banned in the U.S. "I had a very good talk with President Xi," Trump said after signing the executive order. "We talked about TikTok, and he gave me the go-ahead. You know, it's run by American investors, American companies - great ones."
US politics
fromBusiness Insider
1 week agoTrump approved a $14 billion TikTok deal in an executive order, and employees have big questions
President Donald Trump issued an executive order on Thursday giving his approval for a sale of TikTok's US business to a buyer consortium. Vice President JD Vance said Thursday that the deal would value TikTok US at $14 billion. The exact make-up of the new consortium has not yet been revealed. Trump said on Thursday that Oracle and Larry Ellison would be part of the new ownership.
US politics
fromThe Atlantic
1 week agoThe MAGA Media Takeover
we have seen a tech titan gut a once-great newspaper in an apparent act of capitulation to the commander in chief, government accounts gleefully spreading hateful memes on X (the far-right platform owned by a billionaire tech oligarch), a defamation lawsuit filed by Trump against The New York Times (and quickly dismissed by the judge as "superfluous"), and, of course, the assault on free speech carried out by Trump's Federal Communications Commission chairman.
US politics
fromSocial Media Today
2 weeks agoUS Government Says TikTok Sell Off Deal Has Been Agreed Upon
According Bessent, the proposed deal is " between two private parties," with the key commercial terms already agreed upon, ahead of this week's TikTok sell-off deadline in the U.S. The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday."
World news
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