Trump Moves Forward with TikTok Deal Amid US-China Talks
TL;DR Summary
President Trump approved a deal for a U.S.-based consortium to take over TikTok, citing national security concerns and ensuring the app's continued availability in the U.S., with key investors including Oracle, Murdoch, and Dell, and ByteDance owning less than 20% of the new entity.
- Trump advances TikTok deal with new executive order NPR
- Trump Clears Way for American-Owned TikTok Valued at $14 Billion The New York Times
- Trump signed executive order on TikTok deal. But the deal isn’t complete CNN
- Oracle, Silver Lake and MGX will be main investors in TikTok U.S., sources say CNBC
- Trump says he and Xi will meet in South Korea in coming weeks and he’ll later go to China AP News
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