TikTok U.S. Sale Gets Green Light from China

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TikTok may soon be under U.S. control. After years of controversy over user data, President Trump announced that Chinese leader Xi Jinping approved a deal allowing U.S. investors to take a majority stake. Oracle, Silver Lake, and Andreessen Horowitz are expected to oversee the platform’s U.S. operations, with ByteDance retaining a minority share.