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Trump and Xi Expected to Finalize Long-Sought TikTok Deal Today
President Donald Trump and Chinese leader Xi Jinping are expected to finalize a deal that would sell most of TikTok's US assets to American investors today. The deal would conclude the long-sought sale of TikTok's US operations.
President Donald Trump and Chinese leader Xi Jinping are expected to finalize a long-sought TikTok deal today, which would sell most of TikTok's US assets to American investors, marking a significant development in the company's ownership structure. The deal is seen as a key component of the US-China trade agreement reached earlier this year. If agreed upon, it would conclude weeks of negotiations and bring an end to a contentious dispute over the popular social media app. The outcome will have major implications for TikTok's operations in the United States.
Brief written with AI from reporting by CNN. All rights to the original story belong to the publisher.