US, China strike TikTok deal – But who will buy the social media platform’s American arm?

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The Donald Trump administration confirmed on Monday that it has reached a framework agreement with China to keep TikTok operational in the United States. The deal comes after years of tense negotiations and political wrangling over national security concerns tied to TikTok’s Chinese parent company, ByteDance, that began during Donald Trump’s first term as US President.

US Treasury Secretary Scott Bessent announced the development following high-level trade talks in Madrid. “We have a framework for a TikTok deal,” Bessent told reporters,…



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US, China strike TikTok deal – But who will buy the social media platform’s American arm?


The Donald Trump administration confirmed on Monday that it has reached a framework agreement with China to keep TikTok operational in the United States. The deal comes after years of tense negotiations and political wrangling over national security concerns tied to TikTok’s Chinese parent company, ByteDance, that began during Donald Trump’s first term as US President.

US Treasury Secretary Scott Bessent announced the development following high-level trade talks in Madrid. “We have a framework for a TikTok deal,” Bessent told reporters,…



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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