The news: The Trump administration stated Monday that a TikTok sale deal has finally been reached with China after months of uncertainty, allowing TikTok to remain operational in the US.

US Treasury Secretary Scott Bessent claimed that an initial framework has been agreed on, calling it “fair for the Chinese and completely respect[ing] US national security concerns.” President Trump is set to speak with Chinese president Xi Jinping on Friday to cement the deal.
While specific details have not been disclosed, Oracle’s Larry Ellison is likely to be among any buyers, long considered a frontrunner in the TikTok deal.

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TikTok will continue its US operations, says Trump administration

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