The president of USA Donald Trump said Tuesday that his country and China They reached an agreement on Tiktok. Thus, the Republican added that he will talk about the subject with his Chinese pair Xi Jinping this Friday and that his management considers that the application must go to American property.
The agreement was announced after two days of conversations in Madrid among the US Secretary of Treasury, Scott Besentand the vice Chinese prime minister HE LIFENG.
“We have an agreement on Tiktok. I have reached an agreement with China, I will talk to President XI (Jinping) on Friday to confirm everything, “Trump told reporters when he left the White House for a state visit to Britain.
USA and China on Tiktok: “We have an agreement”
With almost 2,000 million users in the world, Tiktok is owned by the Chinese Internet company Bytedance. A federal law in the US that demands the sale or prohibition of Tiktok for national security reasons should enter into force one day before Trump’s possession, on January 20.
But the Republican, who promoted his 2024 electoral campaign to a large extent on social networks and declared himself fond of Tiktok, put the ban on pause. In mid -June it extended for 90 more days The deadline for the application to find a non -Chinese buyer, as a condition not to be prohibited in your country.
That new deadline expires this Wednesday. “We have a group of very large companies that want to buy it,” Trump told reporters. The president did not specify whether the deadline for the agreement with China will be extended.
According to the CNBC chain, the agreement will include new investors as well as those already existing in the Chinese parent company of the company. The cloud giant Oraclewho already participates in the Tiktok infrastructure in the US, will be part of the pact, he added.
The company behind Tiktok is already worth more than Coca-Cola, Chevron, Alibaba and other megacorporations
Bytedancethe company behind Tiktokwill launch a new program of repurchase for employees that will assess the company in More than US $ 330,000 million. The offer, of US $ 200.41 per share, implies an increase of 5.5% compared to the repurchase six months ago, when the firm was valued at $ 315,000 million.
The operation comes in a Moment of strong financial growth. In the second quarter, Bytedance’s revenues increased 25% year -on -year, reaching US $ 48,000 million, mainly driven by the Chinese market and the strength of digital advertising on Tiktok.
In the first quarter, The company had already overcome Platforms goalowner of Facebook and Instagram, generating more than US $ 43,000 million, compared to US $ 42.3 billion of the US firm. With these results, Bytedance was consolidated as the largest social media company in the world in income.
Source: Ambito
