8 jets, multiple palaces & more: How rich is Abu Dhabi royal family, set to take stake in TikTok US?
Fp Explainers • 1 month agoThe Abu Dhabi royal family will reportedly take a 15 per cent stake in TikTok’s US business under a deal brokered by American President Donald Trump. Led by UAE President Sheikh Mohamed bin Zayed Al Nahyan, the royal family’s net worth is estimated at $323.9 billion. From jets to palaces to an English football team, the Nahyan dynasty’s riches are diverse
China urges US to provide "open and fair" treatment on TikTok deal
Fp Staff • 1 month agoThe deal would allow the video-sharing app to stay online in the US after a law that was passed last year by a bipartisan majority of Congress demanding that its owner, ByteDance, sell the app or have it banned nationwide
TikTok survives in US: Trump signs order for $14bn carve-up deal
Fp Staff • 1 month agoUS President Donald Trump on Thursday signed an executive order to advance a deal on the TikTok App in the United States with a group of mostly American investors
Trump to sign TikTok deal today; ByteDance to be left with 20% of stock: Report
Fp Staff • 1 month agoThe structure would align with a bipartisan law passed in 2024, which aimed to ban TikTok unless it was sold to US-based owners by this year. The app was briefly shut down in the United States in January, just one day before Trump’s second-term inauguration
Under Trump's TikTok deal, American firm Oracle to get algorithm control
Fp Staff • 1 month agoOften described as TikTok's "secret sauce," the fate of the video-sharing app's algorithm was one of the main question marks in persuading China to allow the platform's transfer to US ownership
Is Trump losing the bigger game to China to win a TikTok battle — trade, AI tech and Taiwan?
Madhur Sharma • 1 month agoIt is becoming increasingly clear that US President Donald Trump has made key concessions on major issues of trade, technology, and Taiwan, in negotiations with China to claim a symbolic victory on a relatively minor issue of TikTok.
Who will manage TikTok operations in the US? Murdoch, Ellison, Dell in talks
Fp Explainers • 1 month agoTikTok’s future in the US may soon be decided as President Donald Trump confirmed plans for American investors, including Lachlan Murdoch, Larry Ellison, and Michael Dell, to take control of its US operations. The deal would shift TikTok’s data storage, ownership, and algorithm oversight to the US
Americans get six of seven board seats for TikTok’s US operations: White House
Fp Staff • 1 month agoA deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the creation of a board dominated by Americans, the White House said Saturday.
Trump-Xi call: Who will claim victory if they seal TikTok deal?
Fp Staff • 1 month agoUS President Donald Trump is set to declare a victory with the finalisation of the TikTok deal after a call with Chinese leader Xi Jinping. But the reality is complicated, and Trump is far from being a winner in the deal.
Why Trump, who once wanted TikTok banned, is now batting for it
Fp Explainers • 1 month agoUS President Donald Trump is set to talk to Chinese President Xi Jinping today (September 19) over the sale of the popular app TikTok. This comes after officials earlier this week said the ‘framework’ of a deal between the United States and the Chinese-owned app had been reached. But why is Trump, who once backed a ban on the app, now doing everything he can to save it