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Reuters

Trump says U.S. has a buyer for TikTok

Reuters · Just In
Reuters
Reuters
Just In

President Donald Trump said that the U.S. and China have a deal that would keep TikTok operating in the United States, transferring its U.S. assets to U.S. owners from China's ByteDance, potentially resolving a saga that has lingered for nearly a year.

Breakdown
  • President Trump announced a deal to transfer TikTok's U.S. assets to American ownership. 7s
  • The agreement follows months of negotiations between the U.S. and China amid broader trade tensions. 29s
  • Oracle is reported to remain TikTok's cloud provider, addressing national security concerns. 49s
  • The deal may require congressional approval due to a law mandating ByteDance to sell TikTok or face a ban. 1m 19s
  • TikTok has 170 million U.S. users, and both Trump and the White House have official accounts on the platform. 1m 36s
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