TikTok, Chinese Algorithm
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Trump-Xi Call to Run Gamut
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"We have a framework for a TikTok deal," Treasury Secretary Scott Bessent said after talks with Chinese officials in Spain.
23hon MSN
TikTok’s U.S. operations may be bought by Oracle, Andreessen Horowitz, Silver Lake and others
TikTok’s U.S. operations would be acquired by a consortium that includes Oracle under a deal that President Trump is set to discuss with Chinese President Xi Jinping.
U.S. Treasury Secretary Scott Bessent said the threat of a TikTok shutdown led Chinese negotiators to abandon demands for tariff concessions in return for the social media app divestment and allowed reaching a framework agreement in talks in Madrid on Monday.
The president signed an executive order Tuesday extending the pause on enforcing the law until at least Dec. 16.
U.S. Rep. Jared Moskowitz of Florida says that China, via TikTok, is “making their kids smarter, they’re making our kids dumber. They’re feeding our kids false information.”
The Republican chair of the House Select Committee on the Chinese Communist Party on Wednesday said he is concerned by reports a U.S.-China framework deal to shift app TikTok's American assets to U.S.
1don MSN
Oracle, Silver Lake would play key roles in TikTok deal between Trump administration and China
Technology company Oracle is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a framework deal is finalized, sources say.