Trump wants partial US acquisition of TikTok

Donald Trump has said he will issue an executive order delaying the ban on TikTok when he becomes president on January 20 and has proposed that the United States acquire a 50% ownership stake in the Chinese app's US subsidiary.

"I would like the United States to have 50% ownership in the joint venture," the Republican wrote on his social platform Truth, adding that his executive order would extend the time before the law permanently banning the video-sharing app takes effect "so we can make a deal."

He said his "initial thought" is for "a joint venture between the current owners and/or the new owners where the US gets 50% ownership in a joint venture created between the US and whichever purchase we choose." | BGNES

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