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0.00030525030525022 -6.78334011668656E-05 -0.0030864197530865 -0.00451092117758798 -0.0059693393026728 -0.00122100122100127 -0.00278116944783628 0.000780084113417316
Stock impact report

Trump to weigh options for potential TikTok deal, sources say, with ban days away [CNN]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: CNN
Interested parties have been eyeing a takeover of the popular short-form video app since US lawmakers passed a bill requiring the app to be sold to a US entity or be banned in the country. When Trump took office, he declined to enforce the ban for 75 days to reach a deal, but the law requires a deal to be in advanced negotiation stages to pursue another delay in banning the app. Two large hurdles must be cleared for any potential deal: Trump must sign off on a proposal and China's President Xi Jinping must then agree. Xi has been opposed to giving away any valuable technology infrastructure, most notably TikTok's additive algorithm that decides which content appears for individual users. Technology giant Oracle and private equity firm Blackstone are expected to be involved in a potential deal, according to sources involved in the discussions. Larry Ellison, Oracle's founder, is close to the White House, having flanked Trump for announcements on data centers and other pledges. Ora Show less Read more
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