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Trump's TikTok deal will give control to a group of US investors, report says
President Donald Trump has announced tentative plans for a new company that will allow TikTok to continue operating in the United States.
On Tuesday The Wall Street Journal reported more details about a deal between the US and China as the two sides are apparently "finalizing" specifics of the arrangement. According to the report, TikTok's US business will be owned primarily by a group of US investors, which will have a "roughly" 80 percent stake in the entity. On Tuesday he told reporters at the White House he planned to speak with Chinese President Xi Jinping on Friday "to confirm everything."
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