TikTok might not finalize its deal to sell its US operations for at least another month. Sources tell CNBC's David Faber that the US and China might close on an agreement within the next 30 to 45 days, while Oracle will remain the app's cloud partner, allowing it to continue routing US user data on [...]
Articles
China and the US have made progress" on granting permission for ByteDance to sell TikTok to an American consortium, fulfilling a nine-months-overdue legal requirement. After saying a tentative deal had been reached Monday and that approval would come Friday, President Donald Trump's administration has issued an update that leaves the current status ambiguous and the [...]
Following months of delays, President Donald Trump has signed an executive order that's supposed to "save" TikTok. Trump claims the deal will make the app "American-operated," fulfilling the divest-or-ban law that threatened the China-owned app's presence in the US. But the Trump administration didn't reveal any information about who will own TikTok's US operations, or [...]
1