EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Tunisia Protests Grow as Opposition Unites Against President Kais Saied’s Rule 
California, 18 States Sue to Block Trump’s $100,000 H-1B Visa Fee 
Trump Criticizes EU’s €120 Million Fine on Elon Musk’s X Platform 
U.S. Soldiers Killed in ISIS Attack in Palmyra, Syria During Counterterrorism Mission 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
Trump Set to Begin Final Interviews for Next Federal Reserve Chair 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Belarus Pledges to Halt Smuggling Balloons Into Lithuania 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
New Epstein Photos Surface Showing Trump as Lawmakers Near Document Release Deadline 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Russian Drone Attack Hits Turkish Cargo Ship Carrying Sunflower Oil to Egypt, Ukraine Says 
U.S. President Donald Trump has signed an executive order confirming his plan to sell TikTok’s American operations to U.S. and international investors, aiming to meet the national security requirements of the 2024 law that mandates the app’s divestiture. Enforcement of the law, which would otherwise ban TikTok in the U.S., has been postponed until December 16 to allow time for restructuring the deal and securing approval from both American regulators and the Chinese government.
Vice President JD Vance announced that the new U.S.-based TikTok company will be valued at around $14 billion, far below some Wall Street estimates. While ByteDance, TikTok’s Chinese parent, is valued at over $330 billion, analysts such as Wedbush’s Dan Ives estimate TikTok’s worth in the $30 billion to $40 billion range without its key algorithm. Ownership of this algorithm remains one of the most contentious details in the negotiations.
According to sources, a group led by Oracle and Silver Lake will acquire about 50% of TikTok U.S., while existing ByteDance investors such as KKR, General Atlantic, and Susquehanna International Group will hold around 30%. ByteDance itself will retain less than 20% in order to comply with U.S. law, but will still appoint one of seven board members, with the remaining seats controlled by Americans. Other high-profile investors, including Michael Dell and Rupert Murdoch, are also expected to participate.
Trump emphasized that the deal ensures TikTok will remain “American-operated all the way,” while protecting the privacy of its 170 million U.S. users. He credited TikTok with helping him connect with voters, noting his own 15 million followers on the app.
Although the White House has not explained the low $14 billion valuation, investor interest remains strong, with reports indicating additional global partners like Abu Dhabi’s MGX may secure a stake. Lawmakers have urged transparency to guarantee the deal fully severs ties with the Chinese government and safeguards American data.
This sale marks a critical step in resolving one of the most closely watched technology and national security disputes between Washington and Beijing.
