TikTok deal pulled
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A deal to spin off the U.S. assets of TikTok was put on hold after China indicated that it would not approve the deal following President Donald Trump's reciprocal tariffs announcement, according to ...
From Reuters
Billionaire businessman Mark Cuban said on Bluesky that Trump's aggressive tariffs, combined with DOGE cuts, could cause long-term economic harm.
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At TikTok, a string of recent US executive exits has created a management vacuum that Chinese leaders are filling, current and former staffers said.
A TikTok executive responsible for its core advertising business is stepping aside as part of a reorganization, the latest management change at the company facing an April 5 deadline to reach a US sale deal.
TikTok has been granted a second 75-day extension by US president Donald Trump to postpone the enforcement of its sale-or-ban law.
On 4 April, President Donald Trump signed another executive order, extending the deadline for TikTok to find a US-based buyer, or otherwise be banned in the country. He announced the extension on his social platform Truth Social, less than 24 hours before the 5 April deadline.
Amazon’s surprise bid comes amid a flurry of activity from other interested buyers, including Oracle, Andreessen Horowitz, Blackstone and even a consortium backed by social media influencers like MrBeast. Some appear to have a better shot than others.