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Donald Trump says Microsoft is in talks to acquire TikTok
Economic Times
·
6m ago
Medial
Microsoft is reportedly in discussions to purchase TikTok, as confirmed by US President Donald Trump. He expressed a desire to witness a competitive bidding war for the popular app. This development comes amid rising scrutiny over TikTok's data privacy and national security implications. The potential acquisition indicates Microsoft's interest in expanding its reach in the social media landscape, while the US government continues to evaluate TikTok's operations concerning user data security.
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Donald Trump says he will extend TikTok deadline for 75 days
Economic Times
·
4m ago
Medial
President Donald Trump extended the deadline by 75 days for ByteDance to sell U.S. assets of TikTok to a non-Chinese buyer to avoid a ban. Trump's administration is in talks with multiple groups regarding a potential deal. Plans involve creating a U.S. TikTok entity, reducing Chinese ownership below 20%, and discussions involve entities like Susquehanna International Group and General Atlantic. Walmart is also interested. Chinese government approval remains a key obstacle.
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Trump to hold meeting on possible investors to buy TikTok with possible ban at stake
Economic Times
·
4m ago
Medial
President Donald Trump is considering potential investors to acquire TikTok to prevent its U.S. ban, prompted by national security concerns over its China-based parent, ByteDance. Among possible buyers are Oracle and Blackstone. Trump suggested extending TikTok's sale deadline and expressed interest in keeping the app operational, acknowledging its influence on young voters. Multiple entities, including Perplexity AI and investor groups, have shown interest, with offers exceeding USD 20 billion to acquire TikTok's U.S. operations.
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Trump says US will start talks with China on TikTok deal this week - The Economic Times
Economic Times
·
1m ago
Medial
U.S. President Donald Trump announced plans to start talks with China regarding a potential TikTok deal. He mentioned discussions would likely begin on Monday or Tuesday, potentially involving President Xi or his representatives. The U.S. had extended the deadline for ByteDance, TikTok's parent company, to divest its U.S. assets. A previous deal to establish a new U.S.-based entity was stalled after China objected, necessitating new negotiations. Trump expressed cautious optimism about reaching an agreement.
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Biden won't enforce TikTok ban, leaving fate of app to Trump, says US official
Economic Times
·
6m ago
Medial
President Joe Biden will not enforce the TikTok ban set by Congress, leaving its fate to President-elect Donald Trump. While Congress mandated ByteDance to divest TikTok, the outgoing administration is deferring enforcement to Trump. Notably, incoming officials suggest TikTok might be preserved, indicating bipartisan efforts to extend deadlines and find American buyers. Despite previous attempts to ban it, Trump’s team now acknowledges TikTok’s significance for communication and influence, especially among younger voters.
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Trump says he 'most likely' will give TikTok 90-day extension to avoid US ban
Economic Times
·
6m ago
Medial
President-elect Donald Trump is considering giving TikTok a 90-day extension to avoid a U.S. ban, allowing more time for its Chinese parent company to sell its U.S. operations. The law banning the app takes effect Sunday, but Trump might announce an extension Monday. The Biden administration has left the decision to Trump, whose inauguration is a day after the ban. TikTok seeks assurance against enforcement, while Apple, Google, and Oracle remain silent on their plans.
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Trump says US talking to four different groups on Tiktok
Economic Times
·
5m ago
Medial
US President Donald Trump stated that his administration was negotiating with four groups regarding the sale of TikTok, owned by China's ByteDance, due to national security concerns. This follows a law mandating the app's sale or a potential ban, effective January 19. Trump signed an executive order to delay enforcement by 75 days. Multiple parties are interested in TikTok, estimated to be valued up to $50 billion.
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TikTok a US security threat, says Trump, similar to Facebook -CNBC
Reuters
·
1y ago
Medial
Republican presidential candidate, Donald Trump, has described the popular short video app TikTok as a national security threat but likened it to other social media platforms such as Facebook. Lawmakers are considering a bill that would give TikTok's owner, ByteDance, six months to divest the app. The US House of Representatives is expected to vote on the legislation this week. Trump claimed that banning TikTok would benefit Facebook, a platform he has criticized in the past. President Joe Biden has indicated he would sign the bill once it is approved. TikTok argues that the proposed legislation effectively amounts to a ban.
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Trump says any TikTok deal would not mirror Nippon-US Steel
Economic Times
·
2m ago
Medial
President Donald Trump stated that any agreement to prevent TikTok from being banned in the U.S. would differ from the anticipated deal between Japan's Nippon Steel and U.S. Steel. He mentioned that China would need to approve any TikTok deal. Trump made these remarks to reporters while in the Oval Office, highlighting that the circumstances surrounding the deal would be unique and not a replication of past international agreements.
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Trump says he’s found a buyer for TikTok
TechCrunch
·
1m ago
Medial
President Donald Trump announced that a group of "very wealthy people" is set to buy TikTok, pending likely approval from China. In a Fox News interview, Trump mentioned he would reveal the buyers' identities in two weeks. This follows his push for ByteDance to either sell the app or face a U.S. ban. Trump proposed a potential joint venture with existing or new owners and suggested allies like Larry Ellison or Elon Musk as possible buyers.
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Trump says China could get tariff relief if it approves TikTok deal
Economic Times
·
4m ago
Medial
President Donald Trump indicated he might consider tariff relief for China if it approves a sale agreement for TikTok, owned by ByteDance. Speaking aboard Air Force One, Trump highlighted the potential use of tariffs as a negotiation tool, suggesting China might exchange TikTok's approval for tariff concessions. TikTok faces an April 5 deadline to find a non-Chinese buyer to avoid a U.S. ban. Discussions involved multiple investors, and Trump's administration is close to a deal.
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