No Golden Share For US in TikTok Deal, White House Says

The White House has clarified that the US government will not hold a "golden share" or equity position in the new entity that will control TikTok's American operations. This statement comes despite President Trump's previous actions toward increased government involvement in private businesses during his second term. The decision means the US will not have a direct ownership stake in the restructured TikTok, which is facing a potential ban in the country over national security concerns. The deal, which is still being negotiated, involves the Chinese-owned app's US operations being taken over by Oracle and Walmart. The White House official's remarks suggest the administration is seeking a middle ground, allowing the deal to proceed without direct US government control over the popular social media platform.