TikTok will not shut down on Wednesday, as President Donald Trump inches nearer to closing a deal with China that will most likely see the app's majority ownership shift to US owners and US-based users shift to a new app. On Tuesday, Trump confirmed that he has extended the deadline to December 16 for TikTok owner ByteDance to divest ownership to comply with a law designed to block China from...

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The plan to "save" TikTok is starting to come into focus. 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. The group...

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In this photo illustration, the logo of TikTok is displayed on a smartphone screen on April 5, 2025 in Shanghai, China. President Donald Trump on Tuesday extended the deadline for ByteDance to divest TikTok's U.S. business, which will be owned by an investor consortium that includes Oracle and Silver Lake, CNBC's David Faber reported. It's the fourth time Trump has extended the deadline. The...

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Donald Trump TikTok Asia China See all topics Follow A proposal to save TikTok from going dark in the United States would involve investments from a number of US-based venture capital firms, private equity funds and tech companies. Together, the investors would create a new US-based company that will operate the app domestically, sources familiar with the framework told CNN. The framework of...

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TikTok Donald Trump Asia China See all topics Follow A deal has been reached between the Trump administration and China to keep TikTok operational in the United States, administration officials announced Monday, concluding a yearslong effort that began during President Donald Trump’s first term. US Treasury Secretary Scott Bessent said that a framework agreement has been reached, and Trump...

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