White House holds meeting to "lock in" TikTok's fate

Information released by the White House said the meeting will take place in the Oval Office with the participation of Vice President JD Vance, Secretary of Commerce Howard Lutnick, National Security Advisor Mike Waltz and Director of National Intelligence Tulsi Gabbard.

President Donald Trump convenes a meeting at the White House to "finalize" TikTok's fate.

Last week, sources revealed that private equity firm Blackstone was in discussions to join ByteDance’s existing non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in bringing in new capital to bid for TikTok’s US business.

President Donald Trump announced Sunday that a deal with ByteDance to sell the short-video app used by 170 million Americans will be completed by an April 5 deadline.

Mr Trump has set a January deadline for TikTok to find a non-Chinese buyer or face being banned in the US on national security grounds under a 2024 law that takes effect on January 19.

US officials have long argued that the Chinese government — seen as a US adversary — could access Americans' TikTok user data for nefarious purposes or use the platform for propaganda purposes.

The US Congress initially passed and former President Joe Biden signed a law banning TikTok by 2024. The law requires parent company ByteDance to divest from the social network. Failure to do so would force US cloud providers and app stores to stop providing services to TikTok or face hefty fines.

US venture capital firm Andreessen Horowitz is in talks to invest in TikTok as part of Mr Trump's bid to gain control of the app.

Silicon Valley billionaire Marc Andreessen, a Trump backer and co-founder of Andreessen Horowitz, is in talks to add new outside investment to buy out Chinese investors in TikTok, as part of a plan led by Oracle and other U.S. investors to separate TikTok from its parent company ByteDance.

Last Friday, Reuters reported that private equity firm Blackstone was considering making a small minority investment in TikTok's U.S. operations.

Talks over TikTok’s future are revolving around a plan for ByteDance’s largest non-Chinese investors to increase their stakes and buy out the short-video app’s U.S. operations.

Last month, Mr. Trump said his administration was in contact with four different groups about a potential deal involving TikTok, but did not disclose their identities.

Trump called for a ban on TikTok during his first term, but changed his mind during the 2024 election, arguing that TikTok was a counterweight to Meta's dominance on social media.

President Donald Trump has a rocky relationship with Meta CEO Mark Zuckerberg. Facebook banned Trump from its platforms after the January 6 attack on the Capitol, and Trump later threatened to jail Zuckerberg.

In the closely watched TikTok sale, the White House is acting as an investment banker, with Vice President Vance in charge of running the auction.

Source: https://www.baogiaothong.vn/nha-trang-to-chuc-cuoc-hop-chot-so-phan-tiktok-192250402114117781.htm