Trump's TikTok deal collapses
Digest more
Top News
Overview
Highlights
A deal had been agreed to as of Wednesday, but the recently imposed tariffs on China presented a late breaking hurdle, two people familiar with the talks, who were granted anonymity to share details ...
From NBC News
The Trump administration's work to find an American buyer for the short-video social media site TikTok is on track ahead of the April 5 deadline to reach a deal for non-Chinese ownership, Vice Presid...
From Reuters
Trump said that a deal is close on Tiktok, with multiple investors involved.
From Reuters
Read more on News Digest
Under Mr Trump the process has run even farther off the rails. The president has no authority to delay the ban unless a deal is well under way. But on his first day in office Mr Trump signed an executive order telling the Department of Justice not to enforce the law for 75 days.
Critics have pushed back on the deal on both free speech and free market grounds. Polling puts TikTok’s American user base at approximately one-third of all adults and two-thirds of all teens; TikTok itself has claimed that about half the U.S. population uses the app.
A deal to spin off the U.S. assets of TikTok was put on hold after China indicated that it would not approve the deal following President Donald Trump's reciprocal tariffs announcement, according to two sources familiar with the matter.
President Donald Trump had nearly clinched an agreement with TikTok’s Chinese owner ByteDance Ltd. that would spare the popular app from a US ban, but the deal was scuttled after China withheld its approval following this week’s tariff announcement,
Explore more
4hon MSNOpinion
Déjà vu: TikTok’s time was nearly up, and then President Donald Trump stepped in to save it. This happened in January, and also earlier today, when Trump said that he will sign another executive order to delay a possible ban on the social-media app.
TikTok's deadline to sell the app's US operations is looming, and the app that is used by one-third of Americans could be banned.
Walmart is actively considering joining a group of investors to buy TikTok, according to sources close to the deal.
At TikTok, a string of recent US executive exits have created a management vacuum that Chinese leaders are filling, current and former staffers said.