Trump’s TikTok deal is another step closer to finally actually happening

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Remember back in September when President Donald Trump signed an executive order that seemingly finalized some of the terms of a deal to spin off TikTok’s US business? Three months later, that same deal is apparently one step closer to being official.

According to Bloomberg, TikTok CEO Shou Chew told employees that TikTok and ByteDance had signed off the agreement for control of TikTok’s US business. It sounds like terms of the deal are roughly the same as what Trump announced earlier this year. A group…



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Trump’s TikTok deal is another step closer to finally actually happening


Remember back in September when President Donald Trump signed an executive order that seemingly finalized some of the terms of a deal to spin off TikTok’s US business? Three months later, that same deal is apparently one step closer to being official.

According to Bloomberg, TikTok CEO Shou Chew told employees that TikTok and ByteDance had signed off the agreement for control of TikTok’s US business. It sounds like terms of the deal are roughly the same as what Trump announced earlier this year. A group…



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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