Confusion AI suggests Tiktok -Fusion with 50% US State Ownings Stake

Confusion AI has presented a new suggestion to TiktokThe parent company that would allow the US government to own up to 50% of a new unit that merges with confusion with Tikkok’s US business, according to a person who is familiar with the case.

The proposal presented last week is a revision of a prior plan that the artificial intelligence start had presented to Tikkok’s parent bytance on January 18, a day before the law, that a ban on Tiktok came into force.

The first proposal that urban dancing has not responded to tried to create a new structure that would merge San Francisco-based confusion with Tiktok’s US business and include investments from other investors.

The new proposal would allow the US government to own up to half of the new structure when it first submits an initial public offer of at least $ 300 billion, said the person who was not authorized to talk about the proposal . The person said that the confusion suggestions were revised based on feedback from Trump -Administration.

If the plan is successful, the shares owned by the government would not have voting power, the person said. The government would also not get a seat on the new company’s board of directors.

Bytedance and Tiktok did not immediately respond to a request for comment.

According to the plan, urban dancing would not have to cut ribbons with Tiktok completely, a favorable result for its investors. But it would have to allow a “full American board check,” the person said.

According to the proposal, the China-based tech company would contribute Tiktok’s US business without the proprietary algorithm that burns what users are looking at the app, according to a document seen by The Associated Press.

The proposal seems to be mirroring a strategy that Steven Mnuchin, the finance minister under President Donald Trump’s first period, discussed Sunday about Fox News’ Sunday morning futures – that a new investor in Tiktok could simply “dilute” Chinese ownership and satisfy the law. Mnuchin has previously expressed interest in investing in the company.

“But technology needs to be linked from China,” he added. “It has to be disconnected from city dancing. There is absolutely no way that China would ever let us have something similar in China.”

The proposal is coming as more investors express Interest in Tiktok. Mr. Trump said late Saturday that he expects an appointment to be concluded in as soon as 30 days.

On A flight from Las Vegas to Miami on Air Force OneMr. Trump also said he had not discussed an agreement with Larry Ellison, CEO of software manufacturer Oracle, despite A report This oracle, along with external investors, considered taking over Tikkok’s global operation.

“Numerous people speak to me. Very significant people,” said Mr. Trump. “We have a great interest in it and the US will be a big recipient. … I would only do it if the United States are benefits.”

According to a top species law passed last year, Tiktok should be banned in the United States by January 19, if it did not cut bond with city dancing. The Supreme Court maintained the law, but Mr. Trump then issued an executive order to stop enforcing the law for 75 days.

Mr. Trump, on the Air Force One, noted that Ellison lives “right down the road” from his mar-a-lago-property but added, “I’ve never talked to Larry about Tiktok. I have spoken to many people about Tiktok and There is great interest in Tiktok.

Tiktok card shut down In the US a week ago, but went back online after Trump said he would postpone the ban. Mr. Trump had tried without success an American ban on the platform over his first period. But he has since turned his position and has credited the platform to help him win more young voters during last year’s presidential election.

TIKTOK CEO shou chewed attended Mr. Trump’s initiation 20 January with some others Technical leaders Who has thrown friendlier ties to the new administration.

Congress voted to ban Tiktok in the United States of concern that Tikkok’s ownership structure represented a security risk. The Biden administration claimed in court for months that it was too much of a risk to allow a Chinese company to control the algorithm that burns what people see on the app. Officials also raised concerns about user data collected on the platform.

So far, the United States has not provided public evidence that Tiktok hand over user data to Chinese authorities or allows them to think of its algorithm.