US: TikTok sale deal is very close

US President Donald Trump announced on July 4 that he will begin negotiations with China on July 7 or July 8 on a potential deal involving the short video sharing platform TikTok.

Mr. Trump affirmed that the US has “almost” reached an agreement on the sale of TikTok.

Previously, on June 29, in an interview on Fox's "Sunday Morning Futures" program, Mr. Trump said that someone had bought TikTok.

The president described the group as “very wealthy” but did not provide further details, saying only that he will reveal the identity of the buyers in about two weeks.

By law, TikTok must cease operations in the US from January 19, 2025 if TikTok's parent company, Chinese technology group ByteDance, fails to complete the sale or fails to demonstrate significant progress in the transfer process.

However, Mr. Trump, who began his second term on January 20, chose not to enforce the ban. He extended it once until early April 2025, and then again until June 19.

On June 17, the White House confirmed that President Trump will grant ByteDance a third 90-day extension to complete the sale of the short-video app's US assets. The new deadline will be pushed back to mid-September 2025.

Meanwhile, earlier this June, TikTok announced it would be increasing its investment in the UK market, opening a new office and creating more jobs. The plan will create more than 500 new jobs, bringing TikTok's total UK workforce to 3,000 this year.

TikTok also revealed that it is investing in a new office in London, which is expected to open next year. The new headquarters will be much larger than its current office, bringing the company's total investment in UK infrastructure to around £140 million (about $190 million).

With more than 30 million monthly users, equivalent to nearly half the UK's population, TikTok rates the UK as "the platform's largest user base in Europe."

But many Western countries have turned their attention to TikTok due to concerns about personal data protection.

In response to these concerns, TikTok UK Head Adam Presser, who is also TikTok's global head of operations, trust and safety, stresses that what drives the company's growth is its "deep commitment to safety and creating an exciting digital space that sustainably supports creators, entrepreneurs and the broader economy ."

(Vietnam News Agency/Vietnam+)

Source: https://www.vietnamplus.vn/my-thoa-thuan-ve-viec-ban-tiktok-dang-o-rat-gan-post1048094.vnp