Hustler Words – The White House has revealed significant details regarding a potential deal to address national security concerns surrounding TikTok’s US operations. According to a Fox News appearance by White House Press Secretary Karoline Leavitt, an agreement—though not yet signed—has been reached that would restructure TikTok’s US presence under majority American ownership. This follows repeated extensions of a US bill threatening a TikTok ban unless a sale to American owners occurred.
Leavitt confirmed that the agreement includes Americans holding six of seven board seats in the reorganized TikTok entity. Crucially, control of the app’s algorithm will also reside in the US, as reported by Bloomberg. Leavitt expressed optimism, stating, "So all of those details have already been agreed upon, now we just need this deal to be signed and that will be happening, I anticipate, in the coming days."
Bloomberg further cites a senior White House official, identifying potential investors as Oracle, Andreessen Horowitz, and Silver Lake Management. Oracle is expected to assume responsibility for the app’s security and safety. ByteDance, TikTok’s current owner, will reportedly retain less than a 20% stake in the newly formed company. President Trump announced Friday that Chinese President Xi Jinping had given his approval to the deal. This development marks a significant step toward resolving the ongoing tension between the US government and the popular short-form video platform. The signing of the agreement is expected imminently, resolving a long-standing national security debate.
Leave a Comment