Todd Spangler NY Digital EditorThe complex wrangling over what happens next to TikTok — which has become a geopolitical football punted around by the Trump administration — continues apace.As a separate entity TikTok, the popular short-form video app, would file for an initial public offering on a U.S.
stock exchange within a year after majority control is transferred from China’s ByteDance to U.S.-based interests, including Oracle and potentially Walmart, the Wall Street Journal reported.
That, according to reports, would be a precondition for U.S. approval of any deal. Earlier this week Oracle confirmed it had reached a deal to be the “trusted technology provider” in the U.S.
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