Trump to weigh plans for TikTok sale at Wednesday meeting

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President Donald Trump will meet on Wednesday to consider a proposal for divesting TikTok’s US operations from Chinese parent company ByteDance Ltd., just days ahead of a deadline for a sale of the popular social media app, according to people familiar with the matter.

The administration is considering a deal that would include Oracle Corp. and Blackstone Inc. and potentially other investors in a joint venture, the people said, speaking on condition of anonymity to share details about the meeting.

Trump will consult with Vice President JD Vance, who…



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Trump to weigh plans for TikTok sale at Wednesday meeting


President Donald Trump will meet on Wednesday to consider a proposal for divesting TikTok’s US operations from Chinese parent company ByteDance Ltd., just days ahead of a deadline for a sale of the popular social media app, according to people familiar with the matter.

The administration is considering a deal that would include Oracle Corp. and Blackstone Inc. and potentially other investors in a joint venture, the people said, speaking on condition of anonymity to share details about the meeting.

Trump will consult with Vice President JD Vance, who…



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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