There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok sale. Analysts have suggested that China may agree to a TikTok sale if Trump backs down on tariff threats.
The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
A new report claims TikTok participates in suppressing content critical of President Donald Trump as the new administration works to keep the app available in the U.S.
TikTok's future is in Donald Trump's hands, as President Joe Biden reportedly has no intention of enforcing a ban set to go into effect on Sunday.
In July 2020, then-President Donald Trump told reporters aboard Air Force One ... where TikTok’s parent company, ByteDance, is based. His campaign released political ads on Facebook and Instagram accusing TikTok of "spying" on users.
Microsoft reportedly has an interest in acquiring TikTok. According to BBC, President Donald Trump has revealed the tech company would like to purchase the platform and adds that there is “great interest in TikTok” from several companies.
President Trump tells reporters on Air Force One that Microsoft is the latest contender in the race to buy TikTok's US operations.
Microsoft is in discussion to buy TikTok for a purported price of $100 billion (£80bn), US President Donald Trump revealed in a conversation with reporters yesterday. Microsoft has declined to comment.
This story incorporates reporting from ABC, Shacknews and USA Today.President Donald Trump announced earlier this week that Microsoft is engaged in discussions with ByteDance to acquire TikTok.
President Donald Trump said late Monday he hoped there would be a “bidding war” for TikTok, claiming Microsoft is now among the companies interested in buying ByteDance’s popular social ...