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Trump considers 50% US ownership in TikTok JV

United States President-elect Donald Trump announced plans to extend the timeline for enforcing a ban on TikTok.

This extension aims to allow negotiations that address national security concerns while enabling the platform to remain operational.

The proposed solution involves forming a joint venture where the US would hold a 50% ownership stake. Trump did not specify whether it would be under the US government or an American company.

This framework seeks to ensure TikTok’s operations are managed securely while defending national interests.

An executive order expected on Jan. 20 will clarify that companies assisting TikTok during negotiations will not face legal liability.

Recent TikTok developments

Timeline
20-Jan-2025 📈 TikTok restored in US amid legal risks for providers
  • TikTok restores full functionality in the US
  • Over 170M users and businesses affected by changes
20-Jan-2025 📱 TikTok aims to restore services for US users
  • TikTok restores services for 170M US users
  • US backs providers against penalties for TikTok
18-Jan-2025 🤳 TikTok CEO praises Trump for support amid looming ban
  • TikTok CEO thanks Trump for support amid deadline
  • Supreme Court upholds ban, future of app uncertain
18-Jan-2025 🛡️ TikTok, Shein, others sued over unlawful data transfers to China
  • Noyb files complaints against six Chinese firms
  • Claims unlawful EU user data transfers to China
18-Jan-2025 🚫 TikTok may halt US operations amid regulatory uncertainty

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