US President Donald Trump gave the second time for Tiktok, a China -based ByTedance company. According to the current law, Tiktok’s operations in the United States had to change hands or the application had to be completely banned in the country. However, the Trump administration gave 75 days of additional time and extended the process again.
Donald Trump gave additional time for Tiktok’s sale
During the negotiations for ByTedance to continue its activities in the USA, the company’s change of hands continues to stop at the table. Tiktok’s potential buyers include Amazon, Frank McCourt and Kevin O’leary.
It was also confirmed that Alexis Ohanian, the founder of Reddit, was among the bidder. Large investment companies Blackstone and Andreesen Horowitz stand out among the buyers. But so far, a binding agreement has not been reached with any side.
At the end of the negotiations, the Trump administration announced its extensive tax tariffs for China. This step directly affected a possible agreement with ByTedance. ByTEDANCE officials, the issue of tariffs without resolving the Chinese government will not approve the agreement to the White House.
ByTedance spokesman announced that the process has not yet been completed and there are serious issues to be solved. On the other hand, Trump said that the process should be prolonged and said they did not want Tiktok to be closed.
The White House, which came up with the statements that Tiktok could be completely banned in the first place, was directed to the negotiation ground again for the second time extended. So what do you think about this? You can share your opinions with us in the comments section below.
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