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Trump not sold on TikTok deal, White House wants majority US ownership – Business Insider – Business Insider
Trump said he’ll be briefed on a proposed deal Thursday as the White House reportedly angles for US investors to own at least 50% of the company.
Trump administration officials are pushing for potential US buyers to own a majority share of TikTok as part of a sale the president has pushed for, The Wall Street Journal reported Wednesday.
The Journal reported Tuesday that ByteDance, TikTok’s Chinese-based parent company, had sought to keep its controlling share of the social media app in a deal it pitched to US officials this week.
But that proposal didn’t satisfy the administration, according to Wednesday’s report, which said that US Tre…
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