Trump Claims Deal Reached to Save TikTok in the US

Proposed TikTok Deal Structure

• 🎯 A deal has reportedly been reached to save TikTok from a US ban, according to President Trump.
• 🇺🇸 The new US-based company operating the app would consist of an 80% consortium of American companies and 20% Chinese companies.
• 🏛️ This new entity is expected to be run by a US majority board, with one member appointed by the Trump administration.
• 🤝 Key American companies involved are reported to be Oracle, Andreessen Horowitz, and Silverlake, with ties to Trump allies and donors.

Algorithm and Licensing

• 💡 A major point of negotiation has been the TikTok algorithm, crucial to its user engagement.
• 🇨🇳 Sources indicate the new company will license the algorithm from China, allowing US users to download a new version with the same core functionality.

Deal Progress and Legalities

• ⏳ The deal remains unfinalized, with potential for changes before President Trump speaks with Chinese leader Xi Jinping.
• 🗣️ Treasury Secretary suggested that President Trump's threat to shut down the app after multiple delays may have been a catalyst for progress.
• ⚖️ Legal gray areas exist regarding the algorithm licensing and the legality of repeated delays to the original 190-day deadline.
• ⚠️ White House officials express confidence in the legality of the delays, but sources caution that nothing is final until it is finalized.