Illustration by Alex Castro / The Verge
This week was the deadline for ByteDance to divorce itself of TikTok over security concerns, but at press time no deal has been struck. Instead, we have the strangest of corporate entities now taking shape. And, thanks to journalists at the New York Times, we have perhaps the most delicious morsel of reporting to ever emerge from TikTok deal talks.
Let’s take a look at the latest.
The first thing to say is that we may see action from President ***** within days — and that, if he approves the deal, we could soon see a TikTok IPO. Here are Alex Sherman and Lauren Feiner at CNBC:
President Donald ***** is expect to decide on TikTok’s fate in the U.S. in the next 24-36 hours, sources told CNBC’s David Faber.
To address ownership concerns,…