New US-China TikTok agreement similar to terms agreed this spring, sources say

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President Donald Trump‘s agreement with China that would keep TikTok operating in the United States, transferring its US assets to US owners from China’s ByteDance, is similar to a deal worked out earlier this year, three sources familiar with the new terms said.

We have a deal on TikTok … We have a group of very big companies that want to buy it,” Trump said on Tuesday, without providing further details.

A deal for TikTok had been in the works in the spring, but was put on hold after China indicated it would not approve it following Trump’s…



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New US-China TikTok agreement similar to terms agreed this spring, sources say



President Donald Trump‘s agreement with China that would keep TikTok operating in the United States, transferring its US assets to US owners from China’s ByteDance, is similar to a deal worked out earlier this year, three sources familiar with the new terms said.

We have a deal on TikTok … We have a group of very big companies that want to buy it,” Trump said on Tuesday, without providing further details.

A deal for TikTok had been in the works in the spring, but was put on hold after China indicated it would not approve it following Trump’s…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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