Despite selling a majority stake to American investors, TikTok's Chinese parent company, ByteDance, is set to keep around 50% of the profits from its US operations, according to insider sources.
In a landmark deal, the Abu Dhabi royal family is set to acquire a 15% stake in TikTok's US operations, valued at $14 billion. This move comes after Trump signed an executive order aimed at ensuring American control over the app and protecting user data.
In a groundbreaking move, Trump signs an executive order to transfer TikTok to US owners, ensuring its continued operation. This deal gives American companies significant control over the popular app's algorithm and data, reshaping the future of social media.
US President Donald Trump announced plans to meet Chinese Premier Xi Jinping in South Korea next month. They will discuss a deal involving TikTok's US operations amidst ongoing national security concerns.
In a groundbreaking deal, a consortium including Oracle, Andreessen Horowitz, and Silver Lake is poised to acquire TikTok's US operations. President Trump is set to discuss this monumental agreement with Chinese President Xi Jinping.
In a surprising turn of events, President Trump announces a deal with China to keep TikTok operational in the US. As negotiations progress, concerns about data privacy and national security remain paramount. Will this agreement satisfy lawmakers?
In a dramatic turn of events, President Trump has signed an executive order extending the TikTok ban by three months, just as negotiations with China for a sale of its US assets heat up. Can TikTok avoid going dark in America?
HMD has announced a significant reduction in its US operations due to geopolitical and economic challenges. The company assures customers of continued support and commitment to existing warranties.
In a surprising turn of events, Tim Stokely, founder of OnlyFans, has proposed to buy TikTok's US operations, aiming to empower creators in a David vs. Goliath battle against social media giants.
