By Nandita Bose, Dawn Chmielewski, Milana Vinn, Kanishka Singh ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app's future in the next 30 days.
The CEO of investment firm General Atlantic, a board member of TikTok's parent company, said on Thursday that he was optimistic that a deal to keep the short-video app operating in the United States would be agreed.
" With discussions circulating about potential deals, here’s what you need to know about the top contenders to buy and “save” TikTok in the U.S. Listed by Forbes as the world’s richest person, Tesla and SpaceX owner Elon Musk has found his name used widely among those discussing potential TikTok buyers.
Under the deal being negotiated by the White House, TikTok’s China-based owner, ByteDance, would retain a stake in the company, but data collection and software updates would be overseen by Oracle, which already provides the foundation of TikTok’s Web infrastructure, one of the sources told Reuters.
The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.
TikTok reportedly will shut down the app in the U.S. unless the Supreme Court halts a law banning the app unless ByteDance divests its stake.
President Trump's executive order pausing the TikTok ban for 75 days might not protect the app's technology partners from $850 billion in fines.
General Atlantic CEO Says He Is Optimistic on TikTok Deal in the US DAVOS, Switzerland (Reuters) - The CEO of investment firm General Atlantic, a board member of TikTok's parent company ...
Many people are listing iPhones with TikTok installed on eBay for thousands of dollars as the app remains absent on Google and Apple app stores.
U.S. President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app's future in the next 30 days. "I have spoken to many people about TikTok and there is great interest in TikTok," Trump told reporters on Air Force One during a flight to Florida.
ABOARD AIR FORCE ONE: US President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app’s future in the next 30 days.