Trump to unveil TikTok America plan to skirt US ban, says The Information
www.capitalbrief.com
Amazon has made a surprise last-minute bid to buy TikTok, days before a Saturday deadline for the app to separate from its Chinese owner or be banned in the United States, The New York Times reported citing three unnamed sources.
    • TeaOPEnglish
      1·
      1 day ago

      The proposed structure would involve TikTok America being roughly 50% owned by new US investors and licensing TikTok’s algorithm from ByteDance.

      Existing investors in ByteDance would have a roughly one-third stake, while ByteDance would retain a 19.9% stake, according to the report.