Trump says a TikTok deal is done. Who will own it, and how will it work?

Published: 9/23/2025
Trump says a TikTok deal is done. Who will own it, and how will it work?
President Trump announces a TikTok deal, securing a new US owner amid security concerns with ByteDance, the Chinese parent company. The deal involves US control of TikTok's algorithm, audited by Oracle, and a joint venture run by US investors to ensure compliance with the 2024 law. While the Chinese government respects the enterprise's negotiations, the US expects China to facilitate the deal soon. This move aims to allay concerns over data privacy and national security, impacting 170 million US TikTok users.