Vance tapped to spearhead TikTok deal
Source: The Hill
02/07/25 9:25 AM ET
Vice President Vance has been tapped alongside national security adviser Mike Waltz to oversee a potential sale of the popular app TikTok, a source familiar with the plans told The Hill.
President Trump tasked Vance with taking the lead on a possible deal that could save the video sharing app from shutting down in the United States, Punchbowl News first reported.
Vance was a venture capitalist before he ran for the Senate and previously was behind investments for platforms like the YouTube alternative Rumble. Trump has pushed to reach a deal to keep TikTok active in the U.S. and attributes his popularity on the app to his support from young people in the 2024 race.
On Monday, the president directed Treasury Secretary Scott Bessent and Commerce secretary nominee Howard Lutnick to create an American sovereign wealth fund, suggesting it could partially own TikTok.
Read more: https://thehill.com/homenews/administration/5132358-jd-vance-mike-waltz-tiktok-deal/
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