President Donald Trump said the U.S. is close to revealing a plan that would spare TikTok from a U.S. ban, Stephanie Lai, Ryan Gould, and Annmarie Hordern of Bloomberg says. Additionally, Trump reiterated he is willing to offer tariff relief in exchange for China’s help approving the eventual sale of the platform by ByteDance but has “no knowledge” Chinese authorities would adopt this approach. This comes a day after Trump reviewed a proposal from a consortium of US investors, including Oracle (ORCL), Blackstone (BX), and venture capital firm Andreessen Horowitz that has emerged as a top contender, people familiar with the matter added. The Fly notes that companies reportedly aiming to buy TikTok or invest in a U.S. version of it include Amazon (AMZN), AppLovin (APP), Meta (META), Microsoft (MSFT), and Oracle.
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