To close the deal, Nexstar will need approval from the Federal Communications Commission, which could cement its position as the biggest provider of local TV in the U.S.
President Trump has declined to enforce a statutory ban of the popular social media app while his administration negotiates a deal for an American company to acquire it.
He didn’t say who was interested in buying the app, just that it was “a group of very wealthy people.” But the Chinese government needs to approve any sale.
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