TikTok Deal Delayed Again – What Happens Now? ⏳
President Trump has extended the deadline for TikTok's potential sale to U.S. investors. This move comes as negotiations with China continue. A deal involving Oracle and Silver Lake is reportedly nearing completion.
The new deadline is now November 12th, pushing back the initial September 15th date. This extension allows more time for finalizing the complex agreement. The deal aims to address national security concerns surrounding the popular app.
According to reports, the new U.S.-based entity will use an algorithm developed by Oracle. This change is intended to ensure data security and transparency for American users. Over 100 million Americans actively use TikTok monthly.
The ongoing negotiations highlight the complexities of international business and technology. Future developments could significantly reshape the social media landscape.
