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Here’s what’s happening right now with the US TikTok deal
A number of investors are competing for the opportunity to purchase the app, and if a deal were to go through, the platform's U.S. business could have its valuation soar to upward of $60 billion. As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.
Recently, a “framework” deal was reportedly established between the U.S. and China, with new information revealed indicating that a consortium of investors, including Oracle, Silver Lake, and Andreessen Horowitz, may oversee TikTok’s U.S. operations. Image Credits: Mandel Ngan (opens in a new window)/ Getty ImagesTo fully understand this high-stakes drama, we’ll first revisit the timeline of TikTok’s tumultuous relationship with the U.S. government, which resulted in various legal battles and negotiations. Supporters include Reddit co-founder Alexis Ohanian, TV personality and investor Kevin O’Leary, inventor of the World Wide Web Tim Berners-Lee, and senior research scientist David Clark.
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