A TikTok deal may finally be happening
SMRTR summary
A framework agreement on TikTok has been reached between the US and China, with commercial terms agreed upon by private parties. President Trump will discuss the potential deal with Xi Jinping on Friday. This follows multiple extensions of the TikTok ban deadline, currently set for September 17, due to national security concerns over ByteDance's Chinese ownership. While not final, this framework could lead to TikTok coming under US control, with companies like Oracle and Microsoft previously showing interest in acquisition.
SMRTR provides this summary for quick context. The original article belongs to Engadget.
Read the original article