Trump Announces Possible Deal for TikTok's Ownership Amid Ongoing Uncertainty

Reported about 19 hours ago

Former President Trump stated that negotiations for TikTok's ownership are ongoing, with discussions involving four different buyer groups ahead of an impending April 5 deadline. If the Chinese parent company ByteDance doesn't divest by this date, TikTok could face a ban in the U.S. Various interested parties have emerged, including a group led by billionaire Frank McCourt offering $20 billion, while another consortium is proposing over $30 billion. The U.S. government may also seek a significant stake in TikTok, but details remain vague and depend on negotiations with Chinese officials.

Source: YAHOO

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