oracle: Americans would dominate board of new TikTok US entity: White House

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A deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the creation of a board dominated by Americans, the White House said Saturday.

“There will be seven seats on the board that controls the app in the United States, and six of those seats will be Americans,” White House press secretary Karoline Leavitt told Fox News.

She said a deal could be signed “in the coming days.”

The United States has forcefully sought to take TikTok’s US operations out of the hands of Chinese parent company ByteDance for…



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oracle: Americans would dominate board of new TikTok US entity: White House



A deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the creation of a board dominated by Americans, the White House said Saturday.

“There will be seven seats on the board that controls the app in the United States, and six of those seats will be Americans,” White House press secretary Karoline Leavitt told Fox News.

She said a deal could be signed “in the coming days.”

The United States has forcefully sought to take TikTok’s US operations out of the hands of Chinese parent company ByteDance for…



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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