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TikTok Announces U.S. Joint Venture to Keep App Operating

Breaking News, News

TikTok announced Thursday the formation of a U.S.-based joint venture that will allow the app to continue operating under American leadership.   Adam Presser, who has worked at TikTok for almost four years and was previously a senior executive at Warner Bros.,...

TikTok to Spin Off U.S. Operations in $14 Billion American-Controlled Venture

Breaking News, News

TikTok has agreed to divest its U.S. operations into a joint venture controlled by American investors, resolving a yearslong push to separate the platform from its Chinese parent, ByteDance, over national security concerns, according to an internal memo seen by Axios....

Trump Expected to Approve Deal This Week Restructuring TikTok Under U.S. Control

Breaking News, News

President Trump is set to approve a deal this week that would put TikTok’s U.S. operations under majority American ownership while placing all user data in a secure U.S.-based cloud, according to a senior White House official.   Under the agreement, TikTok’s U.S....

Trump and Xi Agree on Reciprocal Visits, Discuss Key Global Issues

Breaking News, News

President Trump announced on Truth Social that he completed a “very productive” call with Chinese President Xi Jinping, covering trade, fentanyl, the Russia-Ukraine war, and the approval of the TikTok deal. The two leaders agreed to meet in person at the upcoming APEC...

Trump Extends TikTok Deadline as Oracle-Led Consortium Moves Toward US Control

Breaking News, News

President Trump extended the deadline Tuesday for TikTok’s forced divestment, preparing for a US-China agreement that would keep the app accessible to 170 million American users.   The deal under discussion would create a new US-based entity controlling TikTok,...
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