Thu, 25 Sep 2025

Thu, 25 Sep 2025 Trump claims a TikTok deal is done. Who would own it, and how would it work?

Trump says a deal is done but the details have not been confirmed by China or the app's owner ByteDance.

* President Trump has announced a deal to find a new owner for social media app TikTok in the US.
* A group of investors, including Oracle and Fox Corporation's Rupert Murdoch, will buy TikTok's US operations to create a new company valued at $14bn (£10.5bn).
* The deal has been approved by China's President Xi Jinping, according to Trump.
* Under the deal, US investors will control the algorithm that powers the US version of TikTok and Americans will hold six of the seven seats on the board of directors.
* China will own less than 20% of the new joint venture.
* The deal aims to address concerns over national security and data protection.
* The US government has been pushing for ByteDance, TikTok's Chinese parent company, to sell its US operations or risk being banned in the country.
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