U.S. President Donald Trump announced on Sunday that a group of prominent American business leaders, including Lachlan Murdoch, Larry Ellison, and Michael Dell, would invest in a proposed deal for TikTok. The deal aims to keep the popular social media app running in the United States by transferring its American assets from its Chinese parent company, ByteDance, to U.S. ownership.
TikTok’s future in America, long in doubt, may have been saved. After weeks of tense diplomacy and political brinksmanship, Washington and Beijing have reached a framework agreement that could preserve the app for America’s 170 million users.
