Trump Clears Way for American-Owned TikTok Valued at $14 Billion
The Trump administration has taken steps to facilitate the sale of TikTok's U.S. operations to an American-owned entity. This move comes after months of efforts to find non-Chinese investors for a U.S. version of the popular social media app. The administration has expressed concerns about the potential national security risks posed by the Chinese-owned app. The deal is reportedly valued at around $14 billion and is expected to involve companies such as Oracle and Walmart. The agreement would allow TikTok to continue operating in the U.S. while addressing the administration's concerns about data security and foreign control. The proposed deal still requires approval from both the U.S. and Chinese governments. The outcome of this process will have significant implications for the future of TikTok's presence in the United States.
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