Trump says TikTok deal has China’s approval, paving the way for a U.S.-led TikTok U.S. entity. ByteDance, the app’s owner, says it will work to keep the platform available to American users.
Announced on Friday, the development points to a structure where TikTok’s U.S. operations would be overseen by a consortium of American investors. While no formal terms were disclosed, a statement from ByteDance echoed the intent to ensure continued access to the app in the United States through a new TikTok U.S. entity.
The move follows months of negotiations between the United States and China to salvage TikTok’s stateside business. A nationwide ban announced in January over national security concerns was delayed several times after creators and users pushed back against the app’s removal.
This week, Trump suggested on his Truth Social account that a resolution was near and that the buyer would be revealed soon. Reporting indicated a group of investors including Oracle, Silver Lake, and Andreessen Horowitz would take an 80% stake in TikTok’s U.S. company, with Chinese shareholders retaining the remainder. The board would be mostly composed of U.S. members, including one director appointed by the U.S. government.
“The call was a very good one, we will be speaking again by phone, appreciate the TikTok approval,” Trump posted on Friday, referencing a key conversation about the deal.
ByteDance also issued a public statement thanking President Xi Jinping and President Donald J. Trump for helping preserve TikTok’s U.S. presence. The company said it would follow applicable laws to ensure TikTok remains available to American users through TikTok U.S.
Specific terms, timelines, and regulatory steps have not yet been made public, but both sides signaled momentum toward a solution designed to keep TikTok accessible in the United States under majority U.S. oversight.
