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But standing up a sovereign wealth fund and then using that fund to acquire the platform is unlikely to happen anytime soon, and TikTok’s deadline for working out a deal is quickly approaching.
Norway has the world's biggest sovereign wealth fund, with $1.7 trillion in assets. "And as an example, TikTok, we're going to be doing something, perhaps, with TikTok, and perhaps not," he said.
President Donald Trump signed an executive order Monday to create a sovereign wealth fund, the first ever for the country. At the presser, he hinted that the money may be used to buy TikTok with ...
In the case of TikTok, the U.S. Sovereign Wealth Fund could be used to purchase the American assets of TikTok from the platform's Chinese parent company, ByteDance.
Trump’s idea of using the new wealth fund to buy TikTok built off his earlier mention of a joint venture that gives the U.S. a 50 percent stake in the app. | Evan Vucci/AP ...
A sovereign wealth fund (SWF) could help save TikTok by providing the financial resources needed for a potential acquisition or investment, according to a Washington Post report.
What is Trump's planned sovereign wealth fund and how could it buy TikTok? Nearly 200 countries and 20 U.S. states have established government-run investment funds to manage their wealth.
Trump said TikTok, which is owned by China-based ByteDance, was an example of what he could put in a new U.S. sovereign wealth fund. “We might put that in the sovereign wealth fund, whatever we make, ...
TikTok is on the clock to find a non-Chinese owner or be banned in the United States. President Donald Trump has suggested creating a US sovereign wealth fund that could acquire the app.
President Donald Trump said Monday that TikTok could be acquired by a newly proposed US sovereign wealth fund. The statement was light on details, but Trump said that TikTok could be “put in ...
TikTok is on the clock to find a non-Chinese owner or be banned in the United States. President Donald Trump has suggested creating a US sovereign wealth fund that could acquire the app.
But standing up a sovereign wealth fund and then using that fund to acquire the platform is unlikely to happen anytime soon, and TikTok’s deadline for working out a deal is quickly approaching. It’s ...