The story surrounding the acquisition of TikTok is not yet over, and it could well continue for several more months! Indeed, while a decision was expected last Saturday regarding the acquisition of the famous Chinese social network, it seems that everything was blocked at the last moment by China.
The social network, currently owned by ByteDance, was expected to find a buyer on American soil following the bipartisan law signed by Joe Biden. It was only after the inauguration of Donald Trump, then the 47th president of the United States, that the decision was postponed to Saturday, April 5. Several days after this deadline was exceeded, no solution has yet been found found: is China to blame?
An agreement that could have been reached in 15 minutes?
While ByteDance had several suitors for the takeover of TikTok, including the American online retail giant Amazon, no decision was made this Saturday, April 5. According to President Donald Trump, an agreement concerning the resale of TikTok would have been undermined by China.
Indeed, following Following the announcement by the President of the United States to increase customs duties by 34% for China, the "Middle Kingdom" decided to do the same, and to retaliate in turn with a 34% increase targeting the United States.
During his trip to Washington after a weekend in Florida, Donald Trump reportedly declared to journalists present in the prestigious Air Force One that an agreement between the two countries could have been reached in 15 minutes. According to him, a reduction in customs duties to China could have kept the sale of the social network going.
No buyer confirmed by the White House
Although the President of the United States announced that an agreement could have been reached Between the White House and China, it appears that a decision on a potential buyer has not yet been made.
Before Donald Trump's announcement regarding the tariff increase, an agreement was reportedly close with Oracle Corp., Blackstone Inc. and the venture capital firm Andreessen Horowitz. However, this agreement has not been announced publicly, and Donald Trump has implied that nothing has been agreed upon yet. decided.
Moreover, in addition to the approval by the Trump administration and his Vice President JD Vance, who is following the matter very closely, China must also approve the decision, which has not been the case...
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