US EditionTikTok Transfer Approved by China Amid U.S. Security Concerns
- China has approved a multi-billion dollar deal that will place TikTok's operations in the U.S. under American control, as announced by Treasury Secretary Scott Bessent.
- The approval comes after a law was passed requiring China-based ByteDance to divest or face a ban due to national security concerns.
- A consortium of U.S. investors, led by Oracle Corporation, is expected to acquire a controlling stake in TikTok, although details of the agreement remain undisclosed.
- JFNA CEO Eric Fingerhut expressed optimism about the deal, emphasizing the need for cooperation and transparency from the new owners.
22 Articles
22 Articles
China Approved TikTok Transfer Deal, Bessent Says
China has approved a transfer agreement with the United States for the popular TikTok social media app, U.S. Treasury Secretary Scott Bessent announced on Oct. 30. Chinese leader Xi Jinping told U.S. President Donald Trump at the beginning of their meeting in South Korea that he would agree to a deal made between Bessent and Chinese officials in Malaysia earlier this week, according to Bessent. “In Kuala Lumpur, we finalized the TikTok agreement…
Jewish Telegraphic Agency
Ellison’s Oracle poised to run TikTok, raising hopes for tougher rules against antisemitism
American Jewish leaders have blamed Tiktok for allowing antisemitism to spread among young people and Israeli Prime Minister Benjamin Netanyahu recently accused China of using the platform to promote anti-Israel sentiment around the world — a charge China denies. The allegations form a backdrop to the high-stakes negotiations over TikTok’s future in the United States that may be finally heading to a resolution. Treasury Secretary Scott Bessent a…
Trump’s TikTok Deal With China — What Do We Know?
After more than a year of negotiations, the US and China are nearing the “resolution” of a deal to transfer the US operations of social media platform TikTok to a new investor consortium, according to US Treasury Secretary Scott Bessent.
TikTok Transfer Approved by China Amid U.S. Security Concerns
China has approved a transfer agreement for TikTok's U.S. operations, according to U.S. Treasury Secretary Scott Bessent. This marks progress in the 18-month uncertainty following a 2024 U.S. law requiring ByteDance to sell its U.S. assets. A new entity will have a majority American board with ByteDance holding less than 20%.
TikTok Transfer Deal Clears Key Hurdle as China Grants Approval
China has approved the transfer agreement for TikTok, as announced by U. S. Treasury Secretary Scott Bessent. He expects the process to move forward in the coming weeks and months, following a meeting between President Trump and Chinese leader Xi Jinping. China’s Commerce Ministry stated that it would handle TikTok-related matters with the U. S. […] The post TikTok Transfer Deal Clears Key Hurdle as China Grants Approval appeared first on Modern…
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