The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.
Walmart is actively considering joining a group of investors to buy TikTok, according to sources close to the deal.
With regulators watching closely, the outcome of this high-stakes deal could have far-reaching consequences for the tech industry and its users.
Days before an April 5 deadline for TikTok to find a buyer or get shut out of its biggest market, the list of potential outcomes for the video app got a lot longer.
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Silicon Valley venture capital firm Andreessen Horowitz – whose founder Marc Andreessen is close to Elon Musk – and bicoastal private equity firm Silver Lake are also said to have expressed
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A few richie-riches have made offers to buy TikTok, but Amazon is the most high-profile potential buyer thus far. And the marriage would be a match made in capitalist heaven. If you’ve spent any time on TikTok,