White House to Meet Today Over TikTok’s Sale

303

President Donald Trump is scheduled to meet with key administration officials today to discuss the final proposal concerning TikTok’s U.S. operations, ahead of the April 5 deadline for ByteDance, the app’s China-based parent company, to divest its ownership or face a potential ban in the United States. ​

The meeting will include key administration figures, including Vice President JD Vance, Commerce Secretary Howard Lutnick, National Security Adviser Mike Waltz, and Director of National Intelligence Tulsi Gabbard.

The discussion is crucial as the clock ticks down on the deadline set by the U.S. government to address national security concerns linked to TikTok’s Chinese ownership. A major topic at the meeting will be potential investors, including tech giants like Oracle, Blackstone, and Andreessen Horowitz, who are reportedly in talks to buy TikTok’s U.S. stake. These investors are seen as key players in resolving the ongoing standoff and ensuring TikTok’s continued operation in the U.S.

Also Read: TikTok Sale Deal Expected Before April 5 Deadline – Trump

Despite concerns over national security, President Trump has expressed a preference for a solution that would allow TikTok to remain in the U.S., with reports suggesting that potential buyers are looking for ways to satisfy regulatory concerns while preserving the app’s operations. While the deadline looms, there is also speculation that the U.S. government may extend the divestment timeline, providing more time for negotiations.

As the situation unfolds, it is clear that the involvement of high-profile investors and ongoing discussions with Chinese authorities will be crucial to determining TikTok’s future in the U.S.

Source Reuters

Comments are closed.