TikTok’s fate in the US has once again been punted down the road, proving that the only thing more endless than your “For You” scroll is this deal saga.
According to CNBC’s David Faber, a final agreement between the US and China could still be 30 to 45 days away, leaving
Oracle, however, is holding steady as
Treasury Secretary Scott Bessent tried to calm nerves Monday, telling reporters there’s already a “framework deal” in place.
He even promised President Donald Trump would confirm it on Friday, just two days after
Of course, this is the fourth such deadline, because apparently, when it comes to
This all traces back to the Protecting Americans from Foreign Adversary Controlled Applications Act, a law with a name almost as long as the hours teens spend on
It basically says ByteDance has to sell off its US operations or pack its bags.
National security concerns remain the official reason, though geopolitics and power plays are clearly doing a lot of the choreography here.
Meanwhile, reports are trickling out faster than a TikTok leak.
The Information says the US and China have already hammered out terms for licensing
CNBC adds that existing ByteDance investors could join forces to take control of
But don’t expect fireworks when this wraps. Faber noted the buyout might actually be smaller than expected, with relatively modest checks being written.
Forget visions of a flashy IPO, this won’t be
So for now,
The only thing moving faster than
Is the repeated delay of
