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  • 3 months ago
The U.S. and China have agreed on a framework deal for TikTok that could transfer control of the platform to U.S. ownership.
Transcript
00:00The U.S. and China have agreed on a framework deal for TikTok that could transfer control
00:05of the platform to U.S. ownership, Treasury Secretary Scott Besson announced during trade
00:09talks in Madrid. Although the deal is between private entities, both nation's leaders,
00:15President Trump and President Xi, are set to discuss it further in an upcoming meeting.
00:19The agreement comes as TikTok parent company ByteDance faces a U.S. deadline to divest
00:25or shut down operations by September 17, though officials suggest the deadline might be extended
00:30slightly. Meanwhile, Trump has teased potential U.S. buyers, including high-profile figures like
00:36Larry Ellison and Elon Musk.
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