
The United States and China have signed off on a deal that hands control of TikTok’s U.S. operations to a group of investors backed by President Donald Trump. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. TikTok said Thursday in a news release that a new company, TikTok USDS Joint Venture LLC, would ensure the app continues to be available in the U.S.
Main Idea: The White House and China approved a deal that moves control of TikTok’s U.S. business to investors backed by President Donald Trump.
Key Points:
Some users may worry that Trump-backed investors and Oracle will shape TikTok’s data and recommendation system, raising privacy and influence concerns.
The deal may keep TikTok available for US users, creators, and small businesses instead of facing a ban.
Rate how each entity in this article affected the American people.
Current owner of TikTok’s global business and key party in the transfer of control.
Central political actor whose administration-backed deal and public praise frame the article.
Core company whose U.S. business is being sold and restructured.
Major investor and managing technology partner in the new U.S. TikTok operation.
Named foreign head of state cited as approving the deal and central to the U.S.-China negotiation.
Named investor in the consortium taking majority control of TikTok’s U.S. business.
TikTok CEO mentioned as serving on the new board.
Oracle co-founder singled out in the deal context and as a potential buyer favored by Trump.
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