Tuesday, January 19, 2021
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| John Breaux, Trent Lott |
Former US Senators Trent Lott and John Breaux have signed on to represent TikTok, the social media platform that is owned by China’s ByteDance.
Their firm, Crossroads Strategies, counsels TikTok on discussions surrounding Internet technology and learning-enabled content platforms.
President Trump wanted to shut down TikTok on national security grounds, unless ByteDance sold it to an American company.
After a bid from Microsoft failed, Oracle and Walmart in September announced that Trump tentatively approved a deal in which they would take a 20 percent stake in the newly formed TikTok Global, which would provide services in the US and most of the rest of the world.
That agreement awaits final approval by the Committee on Foreign Investment in the US.
The Biden administration will now determine the fate of that TikTok deal.