The U-S Treasury Secretary says a TikTok deal has been completed.
UNDATED – A deal that would transfer ownership of TikTok to the U.S. is moving forward. According to Treasury Secretary Scott Bessent, Chinese and American officials finalized the deal while meeting in Malaysia, and Bessent expects to finally see the resolution in the “coming weeks and months.” The deal seeks to limit the role of TikTok’s China-based parent company, ByteDance, to comply with a 2024 law requiring the firm to divest from the platform or face a ban in the U.S.
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Tim Lantz
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