Good morning. For a company with the name TikTok, the seemingly never-ending discussions over its fate in the U.S. has a certain irony to it. But the story may at last be coming to a close.
If media reports are correct, President Trump will sign a deal today that creates a U.S.-only version of the social media service that will no longer be controlled by its Chinese parent company Bytedance. We know (or we think we know) some of the names that will be part of the new ‘American TikTok’—Oracle, Dell, and the Murdochs—but the structure of the deal and how exactly its operations will be disentangled from its parent company are still not clear.
We may learn the answers soon enough. Tick tock, tick tock…
Today’s tech news below. —Alexei Oreskovic
Want to send thoughts or suggestions to Fortune Tech? Drop a line here.
