TikTok US is set to sell to an investor consortium that will retrain its algorithm and keep Americans connected to users in other parts of the world.
Trump is expected to sign off on the TikTok deal on Thursday, according to a White House official.
After months of rumors and political back-and-forths, we finally have some more concrete details about a TikTok sale.
On Monday, White House spokesperson Karoline Leavitt confirmed that the US is endorsing a bid from a consortium of majority US investors who will own and operate TikTok in the US. On Sunday, President Donald Trump said in an interview on Fox News’ « The Sunday Briefing » that a slew of billionaires are expected to be involved in the deal, including Oracle’s Larry Ellison, Michael Dell, and, potentially, the Murdochs.
