Two days before a deadline for Tiktok to sell to a non-Chinese company or otherwise in the face of a ban in the United States, an agreement has not yet been cemented but the contours of one begin to take shape.
Vice-president JD Vance said Thursday that the administration would announce a plan for Tiktok on Saturday. A federal law adopted last year to resolve the national security problems linked to Tiktok and its Chinese owner, Bytedance, asked that the application be sold or prohibited in January. President Trump delayed the application of this law until April 5.
Trump also met the senior managers of the White House on Wednesday to consider a proposal for the future of Tiktok.
While Tiktok took advantage of the interest of potential buyers, including Amazon, the Trump administration is considering an agreement that would contribute to the sale of the whole business, according to Four people familiar with negotiations, who spoke on condition of anonymity. The plan would be to transform Tiktok into a new company and bring new American investors to reduce ownership of Chinese investors.
Blackstone private capital giant and venture capital company Andreessen Horowitz are considering investments, they said. Two of the people suggested that the investment capital Silver Lake also envisaged an investment. Current investors, such as Susquehanna and General Atlantic, would retain participation in Tiktok, and Oracle, which would processes and serves Tiktok user data, would probably maintain at least one operational role in the management of Tiktok data, three of the people said.
Descending negotiations are not new to Tiktok, who has been exhausted several times by an earlier examination in the United States. The application has cemented its role as cultural mastodon in the country, where it has more than 170 million users.
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