Lauren Hirsch

Jared Kushner’s private equity firm and Saudi Arabia’s sovereign wealth fund are some of the investors teaming up to take the video game giant private.

Mr. Kushner’s private equity firm, Affinity Partners, is said to be in talks with the Saudi sovereign wealth fund and Silver Lake to buy out the video game giant.

The administration has been working for months to find non-Chinese investors for a U.S. version of the app.

The change is part of a deal to bring TikTok under U.S. ownership to avert a looming ban.

Fox Corporation is considering investing in the popular video app as part of a bid to avert a U.S. ban, a person familiar with the situation said after the president’s remarks.

The talks with Ms. Weiss, a founder of The Free Press, are the strongest sign yet that the new owner of CBS News intends to make major changes.

The president is demanding government stakes in U.S. companies and cuts of their revenue. Experts see some similarities to state-managed capitalism in other parts of the world.

Federal officials are considering the move because Intel, the last leading-edge chipmaker in the United States, has been struggling.

As Skydance completes its acquisition of Paramount, the stage is set for more deal making in the crowded streaming wars.

The deal gives the White House extraordinary control over U.S. Steel as part of a pact to alleviate national security concerns.