TikTok deal expected to be signed — White House: majority US ownership planned
TikTok deal expected to be signed — White House: majority US ownership planned White House press secretary Karoline Leavitt said a TikTok deal is expected to be signed "in the coming days." President Donald Trump has also said he "approved the TikTok deal." Reported key terms include: Creation of a new app for U.S. users that will continue to use ByteDance's algorithmic technology. Majority ownership by U.S. investors (TikTok to be "majority owned by Americans in the United States"). Reported multibillion-dollar payment tied to the agreement and investor participation from U.S. firms. U.S.-China approvals reportedly negotiated, but paperwork and signatures remain to finalize the deal. Context: The plan revives earlier efforts to force a divestiture or ban of TikTok over national security concerns. Officials say this structure is meant to…
