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"We have a framework for a TikTok deal," Treasury Secretary Scott Bessent said after talks with Chinese officials in Spain.
Under the forthcoming deal, the U.S. version of the app would fall under the purview of a group of U.S. investors that would own 80% of a newly-formed company. Chinese shareholders would own the rest.
TikTok’s U.S. business would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz ...
Oracle likely will remain the cloud computing provider for TikTok, the social media app run by China-based ByteDance, in a ...
Willkie Farr & Gallagher has named its private equity head Jeffrey Poss as joint chair, a role he will start in January 2027 alongside current chair Matthew Feldman. He will succeed Thomas Cerabino.
US stock market experienced a modest pullback on Tuesday as investors balanced optimism from strong consumer spending against uncertainty ahead of the Federal Reserves much-anticipated policy meeting.
President Donald Trump and Treasury Secretary Scott Bessent announced Monday that the United States and China have agreed on ...
Pennsylvania Gov. Josh Shapiro (D) late Sunday criticized President Trump’s use of the word “scum” in his latest remarks ...
With Paramount already in his pocket and Warner Bros. Discovery in his sights, Ellison’s rumored TikTok play would give him ...
That's all from the Trading Day blog for Tuesday, September 16. The ASX 200 closed up 0.3 per cent  at 8877.7 points,  primarily on materials sector gains. The energy, discretionary and utilities also ...
Asian shares are trading higher as investor anticipation grew that the Federal Reserve will announce the first cut of the ...