White House Negotiates TikTok Deal Amid Broader Trend of US Government Stakes in Corporations
The White House is advancing negotiations to secure a deal for TikTok, with officials emphasizing data security provisions that would allow oversight of the platform's algorithm and access to its source code. This move aligns with a broader pattern of the US government taking strategic stakes in key corporations under the TRUMP administration.
In June, the administration secured a 'golden share' in US Steel following its acquisition by Nippon Steel, asserting continued American influence. August saw a 10% stake acquisition in Intel Corp., aimed at bolstering domestic semiconductor capabilities. September brought a tariff-linked agreement between Pfizer and the government-backed TrumpRx platform.
The TikTok deal, structured as a joint venture, will grant the Attorney General access to operational data—a continuation of the administration's activist-investor approach to economic policy.
