The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.

Douyin, the Chinese equivalent of TikTok, is very different and "much more pro-social," NYU professor Jonathan Haidt told Business Insider in Davos.

A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon.

President Donald Trump apparently has no qualms about turning the fate of TikTok into a public bidding war. When prompted by specific questions from reporters, the new president tossed out some of the biggest names in the tech world as possible buyers of TikTok’s US operations — a deal that would allow the platform to get around a ban imposed by

TikTok was restored in the US after Trump (then the president-elect) said he would issue an executive order following his inauguration to extend the period before the law took effect. He signed that order Monday.

The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.

He had in December 2024 announced a year-long ban on the social media platform. Read more at straitstimes.com.

DAVOS, Switzerland (Reuters) - The CEO of investment firm General Atlantic, a board member of TikTok's parent company, said on Thursday that he was optimistic that a deal to keep the short-video app operating in the United States would be agreed.

As business titans and world leaders gathered Monday in Davos, Switzerland, for the opening of the annual World Economic Forum, all eyes were on President Donald Trump ’s taking power again in Washington.

The U.S. Treasury Department on Friday imposed sanctions on alleged hacker Yin Kecheng and cybersecurity company Sichuan Juxinhe Network Technology Co., accusing both of being involved in a series of hacks against American telecom companies.

DAVOS, Switzerland (Reuters) -U.S. businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the U.S. operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Thursday.

On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods and threatened to renew the trade war with China that he launched during his first term.