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Trump confident in finding TikTok buyer before deadline

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Trump confident in finding TikTok buyer before deadline


When the last deadline passed, in January, TikTok temporarily shut down in the United States, to the dismay of millions of users [File]
| Photo Credit: AP

President Donald Trump again downplayed risks that TikTok is in danger of being banned in the United States, saying he remains confident of finding a buyer for the app’s US business by a Friday deadline.

The hugely popular video-sharing app, which has over 170 million American users, is under threat from a law that passed overwhelmingly last year and orders TikTok to split from its Chinese owner ByteDance or face a ban in the United States.

Motivated by widespread belief in Washington that TikTok is ultimately controlled by the Chinese government, the law took effect on January 19, one day before Trump’s inauguration.

But the Republican president quickly announced a delay that has allowed it to continue to operate; that delay is set to expire on April 5.

“We have a lot of potential buyers. There’s tremendous interest in TikTok,” Trump told reporters onboard Air Force One late Sunday.

“We have a lot of people that want to buy TikTok. We’re dealing with China also on it, because they may have something to do with it,” he said, adding “I’d like to see TikTok remain alive.”

Any deal to divest TikTok from ByteDance will require the approval of Beijing, and Trump has said he may offer to reduce tariffs on China as a way to get Beijing’s approval for the sale.

Trump, though he supported a ban in his first term, has lately become the app’s greatest defender, seeing it as a reason more young voters supported him in November’s election.

One of his major political donors, billionaire Jeff Yass, is also a major stakeholder in parent company ByteDance.

Several proposals for TikTok’s US business have emerged since the law began to make its way through Congress last year.

But according to The New York Times, citing people involved in coming up with a solution, the most likely fix would see existing US investors in ByteDance roll over their stakes into a new independent global TikTok company.

Additional US investors would be brought on to reduce the proportion of Chinese investors. Trump at one point said the US government could also take a stake through a newly announced national sovereign fund.

Dan Ives of Wedbush Securities told AFP that he believed cloud company Oracle would “play a major role” in such a deal and that “ByteDance will still control and own the algorithm” and have board seats.

Much of TikTok’s US activity is already housed on Oracle servers, and the company’s executive chairman, Larry Ellison, is a longtime Trump ally who was also floated as a buyer of TikTok’s US activity in Trump’s first term.

The arrangement would go against the spirit of the law, which is in part based on the premise that TikTok’s algorithm can be weaponized by the Chinese against US interests.

But University of Richmond School of Law professor Carl Tobias said he did not expect opposition in the Republican-led Congress, or if Trump ordered another extension to the sale deadline.

“Lawmakers have expressed little opposition to Trump’s actions (including ones) which federal judges have ruled violate the Constitution or congressionally-passed statutes,” he said.

Other proposals include an initiative called “The People’s Bid for TikTok,” launched by real estate and sports tycoon Frank McCourt’s Project Liberty initiative.

Artificial intelligence startup Perplexity recently expressed interest in buying TikTok as did a joint venture involving YouTube mega-celebrity MrBeast.

When the last deadline passed, in January, TikTok temporarily shut down in the United States, to the dismay of millions of users.



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Pahalgam attack LIVE: India informs Pakistan of its decision to keep Indus Waters Treaty ‘in abeyance’

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Pahalgam attack LIVE: India informs Pakistan of its decision to keep Indus Waters Treaty ‘in abeyance’



Panun Kashmir urges Centre to issue travel advisory for Kashmir, says situation ‘far from normal’



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From The Hindu, April 25, 1975: Israel’s independence — Soviet offer

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From The Hindu, April 25, 1975: Israel’s independence — Soviet offer


Moscow, April 24: The Soviet Union yesterday offered its backing for the “strictest guarantees of Israel’s existence and independence” — if it was prepared to withdraw from occupied Arab territories. The pledge, made by the Foreign Minister, Mr. Andrel Gromyko, at a Kremlin dinner in honour of the visiting Syrian Foreign Minister, Mr. Abdel-Khalim Khaddam, was seen as the strongest Soviet promise yet to preserve the Jewish State.

Mr. Gromyko also re-affirmed his Government’s support for a reconvened Geneva peace conference, but urged thorough preparation so that the forum should not become as empty “fanfaronade.”

If Israel’s leaders wanted to ensure the peaceful development of their country, they simply had to abandon plans to annex other people’s territories, the Foreign Minister declared.

“Israel may get, if it wishes so, the strictest guarantees with the participation — under an appropriate agreement — of the Soviet Union,” he said. “These guarantees would ensure peaceful conditions for the existence and development of all States in the Middle East,” Mr. Gromyko said.



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Telangana Crime Briefs | Woman, Lover Held for Husband’s Murder in Shadnagar

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Telangana Crime Briefs | Woman, Lover Held for Husband’s Murder in Shadnagar



Hyderabad: The Shadnagar police have cracked a murder case with the arrest of a woman and her lover, who allegedly killed her husband and attempted to destroy evidence. Police have seized an auto-rickshaw, a butcher’s knife and two mobile phones from the accused.

According to officials, Mounika, a 26-year-old resident of Chinna Chilkamarthi village in Farooqnagar mandal, had lodged a missing person complaint on February 24. She claimed that her husband, Yadayya, had left home on February 19 to deliver milk but never returned. A case was registered, and an investigation was launched.

During the probe, police uncovered that Mounika was in a relationship with Ashok, a 31-year-old auto driver from Kandivanam village. Investigators found that Yadayya frequently consumed alcohol and had frequent altercations with Mounika, causing a breakdown in their marriage. Seeing him as an obstacle to their relationship, Mounika and Ashok allegedly plotted to kill him.

On the evening of February 18, Ashok took Mounika and Yadayya in his auto-rickshaw to a secluded area near Pedagattu Tanda, under the pretext of attending a feast at his uncle’s village. There, they made Yadayya consume alcohol. Once he was heavily intoxicated, Ashok allegedly slit his throat with a knife. The two then dumped the body in a pit, poured petrol over it and set it ablaze.

After the crime, the couple returned to Shadnagar and began living together in a rented room in Ayyappa Colony. However, locals grew suspicious and alerted the police. On April 23, both were taken in for questioning and confessed to the murder.

Cyberabad cop, 5 others booked for Rs 23L dacoity

Hyderabad: An armed reserve (AR) constable posted with the Cyberabad police commissioner’s escort vehicle and five others have been booked for dacoity by Moinabad police after allegedly looting Rs 23 lakh from a scrap dealer.

According to G. Pavan Kumar Reddy, SHO, Moinabad police station, the accused G. Shekhar, an AR constable from the city armed reserve (CAR) deployed on rotation duty with the Cyberabad escort team, conspired with his associates to rob a scrap businessman named Mohammed Imran.

On Wednesday afternoon, Shekhar and his associates — identified as Ajay, Mubin, Qutub and others — lured Imran by claiming that a farmhouse owner was selling a large quantity of scrap at a low price. They told him to bring Rs 23 lakh in cash to close the deal.

Imran, who was familiar with Ajay, trusted the offer and arrived at the farmhouse with his friends, carrying the money in a backpack, police said. Once they confirmed the cash was with Imran, the accused reportedly assaulted him and his associates, threatened them not to report the incident and fled the spot with the money.

However, Imran later lodged a complaint with Moinabad police, who registered a case under Sections 310 (dacoity causing hurt) and 115 of the BNS. The suspects have reportedly been detained, though police are yet to announce the arrests officially.

ED raids Hawala operators

Hyderabad: Enforcement Directorate (ED) officials on Thursday raided hawala operators related to cigarette smuggling in Hyderabad. Officials said several pieces of evidence were found against the hawala operators.

The raids were conducted in more than 10 locations following a tip-off. Several teams were pressed into service. Suspicion on the hawala operators arose because of inter-state transactions. The unaccounted cash was seized from the premises belonging to the hawala operators.

Sources said Hyderabad is fast becoming a hub for cigarette smuggling.

The agency suspects the operators’ role in hawala transactions in other parts of India and even internationally. While the operators were questioned on Thursday on previous cash transactions, they were also asked to appear before ED officials for further questioning. The investigators are trying to piece together the entire network and find the kingpin.

Sources said evidence against the operators include the unaccounted foreign currency (running into several crores of rupees), receipts of hawala transactions, proof of smuggling and unaccounted sale and purchase of pan masala.

Action against the hawala operators would be taken based on further inputs, ED officials said.

Hawala transactions are illegal in India as they violate the Foreign Exchange Management Act, 1999 and can help in tax evasion. Hawala transactions have earlier had links with terror financing, smuggling, trafficking and money laundering.

During the searches, ED officials have found unaccounted foreign currency, evidence related to hawala transactions, cigarette smuggling and unaccounted sale and purchase of pan masala. Following the inputs, they would initiate action against the hawala operators.

Notices issued to HMRL

Hyderabad: The Telangana High Court on Thursday issued notices to the Hyderabad Metro Rail Limited (HMRL) and the state government following hearing of a public interest litigation that alleged the Metro system was promoting illegal offshore betting apps — 1xBET, Fairplay and Myjackpot777.

Standing counsel for HMRL Tejaswini Mereddy refuted the contentions. The court said HMRL must file a counter affidavit with relevant documents to show that no betting application advertisement is being permitted. The matter was adjourned to 29 April.

Underage biker dies in road accident

Hyderabad: A 16-year-old boy died in a road accident in Habeebnagar on Wednesday night. As many as four major traffic violations were seen in the incident.

The deceased B. Bhagyawanth, a class IX student, was riding a bike with three of his friends as pillion riders when the accident occurred near Hameed Café. A bike coming from the wrong side (opposite direction), driven by one Pradeep Kumar hit Bhagyawanth’s bike.

As Bhagyawanth fell, a private bus ran him over and he died on the spot, police said.

Bhagyawanth’s three friends suffered minor injuries.

Police have seized the bus and Pradeep’s bike. A case of rash and negligent driving was filed against the bus driver and Pradeep.

Bhagyawanth was a resident of Sitarambagh. He and his friends were going from Bhoiguda to Asifnagar. Bhagyawanth’s body was handed over to his family after post-mortem at OGH on Thursday.



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