Six of seven board seats for TikTok’s US operations will be held by Americans, White House press secretary says.
Six of seven board seats for TikTok’s US operations will be held by Americans, White House press secretary says.
By Usaid Siddiqui and News Agencies
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A deal between Washington and Beijing for the Chinese parent company of video-sharing app TikTok to sell its US operations would see the formation of an American-majority board, the White House has announced.
TikTok deal to create U.S.-dominated board, Oracle likely to take over app, Trump seeks tight control.
New investors include Oracle Corp, Andreessen Horowitz and private equity firm Silver Lake Management LLC.
TikTok's U.S. operations will be controlled by Americans in a planned deal to spin the platform off from its Chinese owner, White…
A potential deal to reduce TikTok’s ties to China would give the app a new board with six American directors out of seven, the…
New investors include Oracle Corp, Andreessen Horowitz and private equity firm Silver Lake Management LLC.
The White House said a deal could be signed "in the coming days", but Beijing is yet to comment.
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