{"id":1850,"date":"2025-09-17T16:48:28","date_gmt":"2025-09-17T11:48:28","guid":{"rendered":"https:\/\/psbkgnews.com\/en\/?p=1850"},"modified":"2025-09-17T16:48:28","modified_gmt":"2025-09-17T11:48:28","slug":"us-china-deal-keep-tiktok-running-america","status":"publish","type":"post","link":"https:\/\/psbkgnews.com\/en\/1850\/us-china-deal-keep-tiktok-running-america\/","title":{"rendered":"US and China Reach Deal to Keep TikTok Running in America"},"content":{"rendered":"<h3><strong>Agreement Reached with China<\/strong><\/h3>\n<p>President Donald Trump on Tuesday confirmed that his administration has reached an agreement with China to allow TikTok to continue operating in the United States. Three sources familiar with the matter said the deal mirrors one discussed earlier this year, potentially ending months of uncertainty about the app\u2019s future.<\/p>\n<h4><strong>Transfer to US Ownership<\/strong><\/h4>\n<p>The arrangement requires TikTok\u2019s American operations to be shifted from China\u2019s ByteDance to U.S. investors. The step could resolve a year-long dispute tied to national security concerns. With 170 million American users, TikTok has been at the heart of political debate between Washington and Beijing.<\/p>\n<h4><strong>Deadline Extended for Finalization<\/strong><\/h4>\n<p>At a White House briefing, Trump said, \u201cWe have a deal on TikTok \u2026 We have a group of very big companies that want to buy it.\u201d While the president initially pointed to a September 17 deadline to sell or shut down the app, the White House later extended that deadline to December 16. The move gives ByteDance an additional 90 days to close the complex transaction.<\/p>\n<h4><strong>Structure of the Deal<\/strong><\/h4>\n<p>Sources said the new U.S.-based company would have a board dominated by American members, including one chosen by the U.S. government. The setup is similar to a recent security arrangement for Nippon Steel\u2019s acquisition of U.S. Steel, which gave Washington a \u201cgolden share\u201d and board influence. Congress may also need to approve the deal due to a 2024 law requiring TikTok\u2019s divestiture.<\/p>\n<h4><strong>ByteDance Stake and New Investors<\/strong><\/h4>\n<p>Under the current terms, ByteDance would hold a 19.9 percent stake, while 80 percent would go to a consortium of investors. Existing shareholders such as Susquehanna International Group, General Atlantic, and KKR would remain involved, while new backers like Andreessen Horowitz, Oracle, and possibly Silver Lake are expected to take part. CNBC reported the deal could be finalized within 30 to 45 days.<\/p>\n<h4><strong>National Security Concerns<\/strong><\/h4>\n<p>U.S. Treasury Secretary Scott Bessent said most of the commercial terms were already settled in March, with only minor issues left. He assured that the deal includes safeguards to address national security concerns. ByteDance, for its part, has insisted that U.S. user data is stored on Oracle\u2019s servers and managed in America, pushing back against accusations of Chinese government influence.<\/p>\n<h4><strong>Oracle\u2019s Role and Market Impact<\/strong><\/h4>\n<p>Oracle will continue its cloud partnership with TikTok as part of the plan, ensuring oversight of data storage and security. The company\u2019s shares rose 1.5 percent after news of the agreement. The new deal would spin off TikTok\u2019s U.S. operations into a majority American-owned and operated entity, addressing the core concerns of lawmakers.<\/p>\n<h4><strong>Political and Diplomatic Context<\/strong><\/h4>\n<p>The negotiations had previously stalled after Beijing objected to Trump\u2019s tariffs on Chinese goods. But officials from both countries confirmed this week that a framework agreement is in place, with a final decision expected after Trump and Chinese President Xi Jinping speak on Friday.<\/p>\n<h4><strong>Trump\u2019s Personal Stakes<\/strong><\/h4>\n<p>Trump has been outspoken about TikTok\u2019s role in his political outreach, even crediting the app for helping his re-election. The president himself has 15 million followers on the platform, and the White House launched an official TikTok account last month. Despite national security worries, the administration extended deadlines several times, underscoring TikTok\u2019s growing influence in American politics.<\/p>\n<h4><strong>Other Potential Bidders<\/strong><\/h4>\n<p>Microsoft, Amazon, billionaire Frank McCourt, and a consortium led by the founder of OnlyFans were all previously linked to the bidding process. Trump, however, emphasized that the final deal involves a group of \u201cvery big companies\u201d committed to buying into TikTok and securing its future in the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Agreement Reached with China President Donald Trump on Tuesday confirmed that his administration has reached an agreement with China to allow TikTok to continue operating in the United States. Three sources familiar with the matter said the deal mirrors one discussed earlier this year, potentially ending months of uncertainty about the app\u2019s future. Transfer to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[],"class_list":["post-1850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trump Announces TikTok Deal to Keep App Running in the US | PSBKG NEWS<\/title>\n<meta name=\"description\" content=\"Trump confirms TikTok deal, moving ownership from China\u2019s ByteDance to US investors in a bid to safeguard national security and user data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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