President Donald Trump said the US has found a buyer for TikTok. The deal will shift the app’s American assets from China’s ByteDance to US companies. TikTok has 170 million users in the country. Trump said the agreement will keep the app running after months of doubt.
“We have a deal on TikTok … We have a group of very big companies that want to buy it,” Trump said. He gave no details but called it a win for both the US and China.
TikTok Deal: Breakthrough in Trade Talks
The agreement comes after months of US-China tensions over trade. Trump called the deal a breakthrough that will “preserve tens of billions of dollars of value.” The White House said both sides reached a basic agreement this week. Trump and Chinese President Xi Jinping are expected to confirm it in a call on Friday.
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Congress May Still Have a Say
The deal might need Congress’s approval. In 2024, under President Biden, lawmakers passed a law that required ByteDance to sell TikTok’s US arm. That law came after worries that China could use TikTok to spy on Americans or spread propaganda.
Trump’s team delayed enforcing the law several times to avoid backlash from TikTok users. Trump has also credited the app with helping him connect to voters.
TikTok Deal: Oracle’s Role
Oracle already provides TikTok with cloud services in the US. Reports say it will stay central in the new plan. Oracle will manage security concerns, while new US investors will join the ownership. Oracle’s stock rose nearly 3% after the news.
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Why Talks Stalled Before?
Earlier talks stopped in the spring after China objected to Trump’s higher tariffs on Chinese goods. The US said ByteDance’s link to China posed security risks. ByteDance denied this, saying American data is already stored in the US with Oracle’s oversight.
TikTok Deal: Mix of Tech and Politics
Today, politics and technology are inextricably linked, as shown by the TikTok deal. The app is more than simply social networking for Trump. It is a political tool that connects him to millions of people.
Experts say the deal proves how global tech companies are caught between trade disputes and national security. TikTok’s future now depends as much on politics as on business.
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