TikTok has established a joint venture in the U.S. called TikTok USDS, led by Adam Presser as CEO. The partnership aims to address national security concerns by implementing data protections and will operate under a board with a majority of American members. ByteDance retains a minority stake while the app's key algorithm will be managed in Oracle's data centers.

A billionaire investor, Frank McCourt, is waiting for clarity on the sale of TikTok's US operations as deadlines loom. Concerns over national security due to ByteDance's ties to China have led to legislative action, but a formal deal remains unconfirmed despite previous claims by Trump and his administration.

TikTok CEO Shou Zi Chew announced a new joint venture for U.S. operations, named TikTok USDS Joint Venture LLC, with Oracle, Silver Lake, and MGX as managing investors. This move follows a national security law requiring the divestiture of TikTok's U.S. business, aiming to protect American data and ensure compliance with national security standards.

President Trump confirmed a $14 billion deal for TikTok that allows US companies, including Oracle and Michael Dell, to control the app’s content algorithm. This agreement is part of a national security provision requiring TikTok's divestiture from its Chinese parent company, ByteDance. The deal follows Trump's earlier attempts to ban TikTok due to national security concerns.

A deal has been reached to keep TikTok operating in the US, with President Trump announcing that a consortium of American investors will control its US operations. The agreement, which includes tech company Oracle, aims to address national security concerns over data sharing with China, while allowing TikTok to continue using licensed algorithms from its parent company, ByteDance. The deadline for the sale has been extended to December 16.

Donald Trump has expressed interest in a deal involving TikTok that would result in the app being sold to American ownership, thereby distancing it from its Chinese parent company. This move comes amid ongoing concerns regarding national security and data privacy related to foreign-owned apps. The situation remains fluid as negotiations and political discussions continue.

President Trump is set to extend the deadline for ByteDance to divest TikTok's U.S. operations for the third time, allowing an additional 90 days to finalize a deal and ensure user data security. This extension comes as the company nears a June 19 deadline imposed by a national security law, which has led to various potential buyers expressing interest in acquiring TikTok's U.S. business.

Trump administration officials have indicated that TikTok will be shut down in the US if China does not approve a deal that allows American control over the app and its algorithm. While the administration pushes for a sale to US buyers, ByteDance contends that national security concerns can be addressed without forcing a sale. The standoff continues as the US demands control over the app's key technology.

President Trump claims he has a group of wealthy buyers interested in acquiring TikTok, which has faced a ban in the US due to national security concerns. The sale would require approval from the Chinese government, and Trump has delayed enforcement of a law mandating the app's sale multiple times while expressing optimism about reaching a deal.

President Trump signed an executive order approving a deal that allows TikTok to continue operating in the U.S., requiring China-based ByteDance to sell its U.S. operations. The new arrangement involves a joint venture with major investors like Oracle and Silver Lake, while ByteDance retains a minority stake. The deal is subject to Chinese government approval and aims to address national security concerns.