Business | Art of the deal?
ANYONE WANT to buy a used social network? One careful Chinese owner, 170m users in America and revenue there of $12bn last year, predicted to rise this year by a fifth. The White House is running a chaotic auction for TikTok, a Chinese-owned app that Congress has ordered to find a non-Chinese owner or else face a ban. On April 4th, on the eve of the cut-off for the app’s sale, President Donald Trump announced that he was extending the deadline by another 75 days.
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The race is closer than many in America would like to believe
