Topic: chinese approval
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Trump Approves $14B TikTok Deal, Cedes 80% to US Investors
President Trump approved a $14 billion deal transferring 80% ownership of TikTok's U.S. operations to American investors, addressing national security concerns and ensuring the app's future in the country. The agreement reduces Chinese parent company ByteDance's stake to 19.9% and includes safegu...
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Trump Inks $14B TikTok Deal in Executive Order
President Trump endorsed a deal allowing TikTok to continue U.S. operations by creating a new, U.S.-controlled joint venture, temporarily suspending a ban for 120 days to finalize the transaction. The agreement ensures TikTok's U.S. operations are majority-owned and controlled by American entitie...
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Fox Corp. Eyes Stake in TikTok
Fox Corporation, led by Lachlan Murdoch, is negotiating to buy a stake in TikTok's U.S. entity to comply with American regulations, with President Trump confirming involvement from other tech leaders like Larry Ellison and Michael Dell. The deal is required by a 2025 law mandating that ByteDance'...
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Adam Presser Appointed CEO of U.S.-Controlled TikTok Venture
A new joint venture led by Silver Lake, Oracle, and Abu Dhabi's MGX now controls TikTok's U.S. operations, directly addressing national security and data privacy concerns that had threatened a ban. The venture's leadership includes CEO Adam Presser, a longtime TikTok insider, and a governance boa...
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