U.S. Citizens Hold Preeminence in TikTok's American User List, as Per the White House's Statement
In a significant development, the Chinese parent company of TikTok is expected to sell its operations in the United States. This decision comes as a result of the ongoing discussions between political leaders, with White House Press Secretary Karoline Leavitt announcing the expected board composition on Saturday.
The expected board for the TikTok operations in the United States will be formed with seven members, with six of these seats being held by Americans. The seventh member, for now, remains unspecified.
The news of this sale and the formation of the new board has been met with interest, as it marks a potential change in the leadership of TikTok in the United States. Notable American figures rumoured to be involved in the new US TikTok ownership consortium include media mogul Rupert Murdoch and his heir Lachlan Murdoch. Other potential investors mentioned in previous talks include billionaire Frank McCourt, investor Kevin O’Leary, former Treasury Secretary Steve Mnuchin, YouTuber Jimmy Donaldson, and former Activision Blizzard CEO Bobby Kotick.
The Chinese President, Xi Jinping, has also expressed his views on the matter, stating that China respects the 'will of the companies' regarding TikTok. This statement was made following a meeting between Xi Jinping and President Donald Trump, where the topic of TikTok was discussed.
In the meantime, users can stay informed about the latest news, opinion articles, entertainment, trends, and more via the Whatsapp website, which now provides updates on this developing story.
A meeting between President Zelensky and Donald Trump is scheduled for next week at the UN, where further discussions about the future of TikTok in the United States may take place. As the situation continues to unfold, users and investors alike will be eagerly awaiting updates on the sale and the new board's formation.
