White House close to approving sale of TikTok’s US unit to investors

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The White House is close to endorsing a deal for US investors to buy TikTok’s American operations, wresting control of the popular video app from its Chinese owners.

Under the terms of the transaction, a group of new outside investors including Andreessen Horowitz, Blackstone, Silver Lake and other large private capital firms would own about half of TikTok’s US…

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