There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok sale. Analysts have suggested that China may agree to a TikTok sale if Trump backs down on tariff threats.
The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
President Donald Trump is in talks with "numerous, very substantial people" about a TikTok deal - but not Oracle.
A new report claims TikTok participates in suppressing content critical of President Donald Trump as the new administration works to keep the app available in the U.S.
In July 2020, then-President Donald Trump told reporters aboard Air Force One ... where TikTok’s parent company, ByteDance, is based. His campaign released political ads on Facebook and Instagram accusing TikTok of "spying" on users.
President Donald Trump said Monday evening that Microsoft is among the U.S. companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April.
President Trump tells reporters on Air Force One that Microsoft is the latest contender in the race to buy TikTok's US operations.
President Donald Trump told reporters Saturday, "Numerous people are talking to me, very substantial people, about buying" TikTok.
President Donald Trump has signaled a potential deal to save TikTok over the weekend, as Republican attorneys general are skeptical of the app's safety but await Trump's action.
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.