Deal is done to keep TikTok in the US, says Trump

President Donald Trump has announced a deal between the US and China to allow TikTok to continue operating in the US, delaying the potential ban. Under the negotiated agreement, a consortium including Oracle, Silver Lake, and Andreessen Horowitz would control TikTok's US operations. The deal would see US investors holding the majority stake in a new entity, with American dominance on the board and a new app for US users developed using technology licensed from ByteDance. This agreement is part of broader US-China trade negotiations, with a focus on concerns regarding data privacy and intellectual property rights.