US EditionTikTok deal could be finalized this week, Treasury Secretary Scott Bessent says
The agreement avoids a U.S. ban by enabling TikTok's U.S. operations to be majority-owned by American investors, with final details set for Trump and Xi’s Asia meeting.
- Treasury Secretary Scott Bessent stated that the TikTok deal between China and the United States has been finalized.
- The terms of the deal involve TikTok being spun off into a new U.S. joint venture owned by American investors like Oracle and Silver Lake Partners.
- The deal is expected to be officially announced when the leaders of China and the United States meet on Thursday.
73 Articles
73 Articles
Treasury Secretary Bessent says US, China have finalized TikTok deal to be signed Thursday
“My remit was to get the Chinese to agree to approve the transaction, and I believe we successfully accomplished that over the past two days,” Treasury Secretary Scott Bessent said
US, China set to 'consummate' TikTok sale on Oct 30, says Treasury Secretary Bessent
WASHINGTON: US Treasury Secretary Scott Bessent said on Sunday (Oct 26) that Washington and Beijing have thrashed out a "final deal" over the transfer of the US version of social media app TikTok to new owners, just days before a
Michigan Rep. Moolenaar Says Freeing TikTok Code From China Is 'Up Top The Experts'
The Chairman of the House Select Committee on the Chinese Communist Party, Rep. John Moolenaar (R-MI), voiced persistent national security concerns regarding the proposed deal to divest TikTok from its Chinese parent company, ByteDance. Speaking on Face the Nation, Rep. Moolenaar emphasized that the success of the transaction hinges on completely separating the app’s critical […] Michigan Rep. Moolenaar Says Freeing TikTok Code From China Is ‘Up…
Bessent: a framework agreement reached. Beijing confirms: preliminary consensus. Thursday Trump sees Xi for signature
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