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Progress Reported on TikTok Deal Following Trump-Xi Call
Progress Reported on TikTok Deal Following Trump-Xi Call
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BTCCSquare news:
President Donald TRUMP and Chinese President Xi Jinping advanced discussions on a potential resolution for TikTok's U.S. operations during a Friday phone call. The deal, which would transfer control of the app's American assets to a consortium including Oracle and Andreessen Horowitz, follows legislative pressure on ByteDance to divest.
Market observers note the geopolitical implications of the agreement, though final terms remain undisclosed. ByteDance affirmed its commitment to maintaining TikTok's U.S. availability while complying with regulatory requirements.
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