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Trump Says New U.S. Sovereign Wealth Fund Could Buy TikTok

The Information · Kaya Yurieff · last updated

President Donald Trump signed an executive order on Monday to create a sovereign wealth fund for the U.S., telling reporters later that it could buy part of TikTok.

“We might put [TikTok] in the sovereign wealth fund, whatever we make or we do a partnership with very wealthy people, a lot …

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Related Knowledge Center: The TikTok ban

State of Play

The U.S. Congress passed and President Joe Biden signed into law a measure banning TikTok if it weren’t sold by its Chinese ownership. But now-President Donald Trump gave the service a reprieve, and a sale of its U.S. operations appears imminent.

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