Get the latest tech news
Donald Trump Is Saying There’s a TikTok Deal. China Isn’t
Donald Trump claimed victory on a deal that would put TikTok in the hands of his allies after a call with Xi Jinping. But details on the agreement—and Beijing's buy-in—remain murky.
The deal being proposed by the Trump administration involves Oracle, Silver Lake, and Andreessen Horowitz leading a group of investors to take a roughly 80 percent stake in TikTok’s US operation, according to The Wall Street Journal. “In plain terms, ownership change without technical separation is a violation of the law,” says Craig Singleton, a senior fellow at the Foundation for Defense of Democracies, a DC-based think tank. Jake Lahut is a senior writer for WIRED, covering the Trump White House and forces shaping policy in the Republican Party in his weekly Inner Loop newsletter.
Or read this on Wired
