💨 Abstract

US President Donald Trump stated that a deal to sell TikTok, under threat of a US ban due to its Chinese ownership, is close. He mentioned multiple investors but provided no further details. The deal could involve existing US investors and potential new ones like Oracle and Blackstone. The new TikTok company might license its valuable algorithm from ByteDance. Amazon is also reportedly bidding to buy TikTok. The deal may include negotiations on tariffs with China.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖