US government, Apple’a Tiktok application App Store75 -day additional time to continue to keep it. This decision came after the extension of the time given to ByTedance to transfer Tiktok to an American company.
US Justice Minister Pam Bondi sent a letter to Apple and Google to act in line with the new decision signed by President Donald Trump. Donald Trump had previously given BYTEDANCE until April 5th to sell Tiktok or ban in the United States. With the new extension, this period was extended until June 18th.
The news published in Bloomberg according toNegotiations to create a US version of Tiktok approached the end. Most of the new company to be established will belong to American investors. The application continues to be used on the App Store and Google Play for the time being.
Trump said that some official approvals are expected to complete the agreement and therefore the time was extended. An previous agreement was canceled due to Trump’s additional tax on products from China.
A new investment group was established to operate Tiktok in the USA. In this group Andreessen Horowitz, Blackstone ve Oracle big companies such as. In the new company Tiktok America, BYTEDANCE’s US investors will have 30 percent and new investors will have a 50 percent share. ByTedance will remain in the company with 20 percent.
The US government has long been uncomfortable with its long -term tiktok user data on servers in China. This is thought to allow the Chinese government to access data. Both Trump and Biden administrations expressed their concerns about this.
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