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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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Related News
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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Despite law, US TikTok ban likely to remain on hold
Economic Times
·
1m ago
Medial
The US TikTok ban remains on hold as President Trump considers extending the deadline for the app to secure a non-Chinese buyer. Initially set to be enforced due to national security concerns, Trump has delayed the ban thrice, expressing willingness to extend it further. Although ByteDance has been in talks with US authorities, a sale is yet to be finalized. Meanwhile, TikTok continues its operations and has launched new AI tools for advertisers.
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TikTok must find non-Chinese owner by Saturday to avert US ban
Economic Times
·
4m ago
Medial
TikTok faces a looming deadline to find a non-Chinese owner or face a U.S. ban, due to national security concerns about its Chinese parent company, ByteDance. TikTok, with over 170 million American users, risks shutdown if it doesn't comply. President Trump is negotiating a possible deal, involving U.S. investors like Oracle and Blackstone, to transfer ownership. However, the fate of TikTok's valuable algorithm, seen as potentially weaponizable, remains uncertain.
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Donald Trump calls TikTok a threat but says some kids could 'go crazy' without it
Economic Times
·
1y ago
Medial
US presidential candidate Donald Trump claimed that a ban on TikTok would only benefit Facebook, which he has criticized in the past. Lawmakers are considering a bill that would give TikTok's Chinese owner, ByteDance, six months to divest from the app. TikTok, in a letter to Congress, emphasized that it is not controlled by the Chinese government and argued that a sale would jeopardize its efforts to protect US data. The FBI and other departments held a briefing to discuss concerns about the app. Trump also mentioned a meeting with an investor who has a stake in ByteDance.
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Oracle and Microsoft in talks to take over TikTok under Trump administration plan: Report | Mint
Livemint
·
6m ago
Medial
The Trump administration is reportedly devising a plan involving Oracle and Microsoft to save TikTok, with ByteDance retaining a minority stake. This potential deal would allow American investors a majority stake, and Oracle would oversee TikTok's operations. The terms are still under negotiation, and ByteDance seeks at least $200 billion for the app. A meeting between White House and Oracle executives discussed the deal, aiming to minimize Chinese ownership while ensuring compliance with U.S. regulations.
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With deadline looming, details of a potential TikTok deal emerge
Economic Times
·
4m ago
Medial
With the deadline for TikTok's sale or US ban approaching, negotiations shape a potential deal. The Trump administration considers a plan to spin off TikTok into a new company, involving American investors to reduce Chinese ownership. Despite TikTok's significant user base, selling faces challenges, including Chinese government resistance. Trump hints at using TikTok in tariff negotiations with China. Congress's stance on a non-sale deal remains uncertain. An announcement is expected soon.
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How TikTok’s Trump whisperer changed minds in Washington
Livemint
·
8m ago
Medial
Tony Sayegh, head of public affairs at one of TikTok's biggest investors, became an advisor to the social media platform as it faced a potential ban under the Biden administration. Sayegh reached out to former President Donald Trump and his advisers, arguing that banning TikTok would benefit both President Biden and Meta Platforms. Trump subsequently expressed support for TikTok. While the outcome remains uncertain, TikTok executives see Trump's re-election as their best chance at remaining in the U.S. Sayegh played a significant role in negotiating TikTok's position.
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Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office
Economic Times
·
7m ago
Medial
President-elect Donald Trump requested the Supreme Court delay the TikTok ban until his administration addresses the issue politically. A law requiring TikTok to divest from its Chinese parent company by January 19 or face a ban is under scrutiny. While TikTok argues against this as a restriction on free speech, the government views it as essential for national security. Trump, although opposing a ban, prepares to resolve the issue after taking office.
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TikTok goes dark for US users; Trump signals intervention
Economic Times
·
6m ago
Medial
TikTok, owned by China's ByteDance, went offline for its 170 million American users due to a U.S. law banning it on national security grounds. President-elect Trump indicated potential leniency, suggesting a possible 90-day reprieve. This unusual ban could impact U.S.-China relations, domestic politics, and social media dynamics. Rivals like Meta and Snap might benefit, while TikTok users seek alternatives. ByteDance faces pressure to cut U.S. ties, amid potential takeover interest and diplomatic tensions.
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TikTok execs believed Biden joining the app meant a ban was no longer an imminent threat: WSJ
Business Insider
·
1y ago
Medial
Executives at TikTok felt reassured that calls for a ban on the app had quieted due to President Joe Biden's decision to join the platform in February and post videos, according to The Wall Street Journal. However, a bipartisan bill was introduced in the House shortly after a meeting between TikTok executives and lawmakers, which would require the Chinese company ByteDance to sell TikTok or face a ban in the US. The bill was shaped by Biden administration officials, and Biden himself has indicated he would sign the ban if it reaches his desk. TikTok and free-speech groups argue that the ban would violate the First Amendment.
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