💨 Abstract

The White House is negotiating a plan for major non-Chinese investors, including Jeff Yass' Susquehanna International Group and Bill Ford's General Atlantic, to increase their stakes and acquire TikTok's U.S. operations. The plan aims to spin off a U.S. entity for TikTok, diluting Chinese ownership below the 20% U.S. law threshold, potentially saving the app from a ban.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖