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What will happen to TikTok? A look at the potential buyers.
TikTok is back online for now, but the app's future is still in limbo as Donald Trump pushes for a "deal."
Trump also previously signed off on a deal for Oracle and Walmart to acquire a 20 percent stake in TikTok in 2020, when the president tried to ban the app during his first term. government to own up to half of that new structure once it makes an initial public offering of at least $300 billion.” Under this plan, ByteDance would keep a minority stake in the company and “would contribute TikTok’s U.S. business without the proprietary algorithm that fuels what users see on the app.” This week, he said that the deal "changes by the hour," writing on X that iIt's clear to me now that we're going to have to do a dance between the original owners, the founders of ByteDance itself, and interpreting the law of what Congress and Supreme Court has upheld."
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