Tiktok to stay in the US as Donald Trump Sayys Deal is Done – ryan

Imran Rahman-JonesTechnology Reporter

A deal has been made between the US and China to Keep Tiktok Running in the US, Accounting to President Donald Trump.

“We have a deal on tiktok, i’ve reamed a deal with china, i’m going to speak to president xi on friday to confirm Everything,” Trump Told Reporters As He Left the White House for the UK.

The Social Media Platform, Who is Run by Chinese Company byduence, was to do to sell it opeations or risk being shut down.

Howver, Trump has repeatedly delayed the banking it was first Announed in January. Later on Tuesday, he oroured the deadline extended again, Until 16 December.

The US President Said A Buyer Will Be Announced Soon.

The Wall Street Journal Reported that Under a deal being negotiated between the us and china, tiktok’s US Business be controlled by an investor consortium that to do include tech company oracle, private firm Silver Lake, and Venture Capital Horowitz.

In a new US Entity Created Under the Deal, US Investors Wauld Hold a Roughly 80% Stake and Americans Wold the Board, With One Selected by the Us Government, Acciting to the Journal, which ciked People Familiar with the Matter.

US USSERS, Meanwhile, Waled Move to a New App, Currently in the Testing Phase, That Will Have Content-Recommendation Algorithms Technology Licensed bydance. Tiktok’s algorithms are a top reason for the App’s Success.

Earlier, CNBC Reported The Deal Wold Include A Mix of Current and New Investors, and Wold Be Completed in the Next 30 to 45 Days.

It also said oracle would keep its existing aggregement to host offs servers inside the us. That had Been one of the Main Concerns of American Lawmakers, Over Worldies About Data Being Shared with China.

On Monday, A US Trade Delegation Said It Had Reached A “Framework” Deal with China Amid Wider Trade Negotiations in Madrid.

China Confirmed a Framework AGREEMENT But Said No Deal Wauld Be Made at the Expert of Firms’ Interests.

AFTER The Talks, Wang Jingtao, Deputy Head of China’s Cyberspace Administration, Suggested in a Press Conference that the Agreement Included “Licensing and Other Intellectual Proppers Rights”.

He Added: “The Chinese Government Will, Accounting to Law, Examine and Approve Relevant Matters Involving Tiktok, Such As the Export of Technology as the License use of Intellectual Property.”

After initially calling for tiktok to be banned during his first term, trump has reversed his stance on the popular video-sharing platform.

In January, the US Supreme Court Upheld A LawPassed in April 2024, Banning the app in the US unless it chinese parent company bytedance sold it USA.

The US Justice Department has said that that you are access to date on American ussers, tiktok poses “a national-secity thread of immense depth and scale”.

Howver, Bytedance has resisted a sale, maintaining its uss opeations are Completely separat, and Says no information is shared with the chinese state.

Ticket briefly Went Dark in Januarybut is lasted for mess than a day before the initial ban was delayed.

The Deadline for A Sale Has Since Been Extended Four Timesand the latest delay to the ban is due to end on 16 December.