Elon Musk and other potential buyers may need to spend between $40 billion and $50 billion to acquire TikTok’s U.S. operations, should parent company ByteDance decide to sell due to a potential ban in the U.S. The valuation is based on estimates of TikTok’s user base and revenue, with analysts estimating the value to be around $30 billion to $35 billion due to regulatory scrutiny. A consortium led by Frank McCourt and Kevin O’Leary has also put in a bid for the app, offering up to $20 billion without the algorithm, which would avoid regulatory challenges.
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Iran pushes Islamic unity through high-level regional calls during Eid
Iran's Diplomatic Efforts for Islamic UnityDuring the Eid al-Adha holiday, Iran has initiated high-level phone calls with regional nations to promote Islamic unity and strengthen its diplomatic ties, particularly in light of recent Israeli airstrikes affecting its proxies. Iranian Foreign Minister Abbas Araqchi spoke with Egyptian officials about bilateral relations and regional issues, while President Masoud Pezeshkian reached out to UAE leader Sheikh Mohammed bin Zayed Al Nahyan, emphasizing the need for cooperation amid ongoing...
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