Who might own the app and how would it work?

President Donald Trump says that the transaction to search for a new owner for the application for social networks Tiktok in the United States is that the blessing of President China Xi Jinping.

US policy adopted the law in 2024, banning an application in the country, unless it was sold by its Chinese maternal company byTeDance.

Neither Baited, nor the Chinese authorities publicly confirmed the deal.

For many years, American officials and legislators argued that Baitedans’s connections with the Chinese government threaten national security.

Many were afraid that Beijing could force Baitedance to transfer data on his US users – it is believed that it has 170 million.

Tiktok and ByTedance reject this criticism, but similar problems have caused prohibitions and restrictions in other countries of the world.

In April 2024, the US Congress adopted a bill signed by former President Joe Bayden, who gave Baitedance nine months to find the approved US buyer or see a closed tickte.

Tiktok called the law “unconstitutional” and claimed that The censorship of their users of the United States will have a “stunning” influence on freedom of speech. He launched several unsuccessful legal problems.

Baitedns insisted that he had no plans to sell.

After Trump took office in January 2025, he extended this initial deadline to allow the search for new owners of the application to continue. The president pushed the deadline several more times to allow to conclude a deal.

Trump Tiktok Trump deal Uses a group of US investors to capture application operations in the countryCreating a new company worth $ 14 billion (10.5 billion pounds).

The President states that “complex” investors will participate in it, including: the technical giant Oracle and the chairman of his council Larry Ellison, Who is close to Trump's ally; Rupert Murdok from Fox Corporation; And Michael Dell, head of Dell Technologies.

Investors will control the algorithm that will feed the American version of Tiktok, and the Americans will store six out of seven places in the Council of Directors who will observe it.

According to Trump, China will own less than 20% of the new joint venture.

The algorithm is a technology that defines what users see in their channel, and is considered as the most valuable and controversial part of the application.

According to this transaction, the American Tiktok will use a new algorithm that will be based on the existing version, but will retake to US user data, according to the White House officials.

“Trusted Security Partners” will control the software updates, algorithms and data flows, according to the specified order.

Oracle is already storing the American user data Tiktok on its American servers as part of an existing agreement, and this will continue.

Subsequently, Trump signed the order, stating that the planned transaction meets the requirements for the sale of Tiktok, which were set out in the 2024 law, which ensures its further work in the United States.

The White House also determined the private investment company Silver -Leek as another investor. It has a share in the city football group, which owns a football club in Manchester City.

The huge range of public figures, starting from only the founder of Fans Tim Stockeli, ending with YouTuber Jimmy Donaldson – aka Mrbeast – previously advertised as potential partners.

Baitedan and Tiktok did not comment on publicly.

But in a statement published before Trump announced the deal, Baitedan thanked Si and Trump “for their efforts to preserve Tiktok in the United States.”

President Trump said that the deal was approved by his Chinese colleague Xi Jinping in connection with the call of September 19.

Trump said he told him to continue the deal, and that “China aboard.”

But Beijing was much more careful than Washington.

“The Chinese government respects the wishes of the enterprise and welcomes it for conducting commercial negotiations in accordance with the market rules to achieve a decision that meets the laws and provisions of China, and reaches a balance of interests,” the Trump announcement says.

The ministers confirmed Beijing’s call to “open, fair and non -scrimination” handling of Chinese companies in the United States after Trump compiled his plans for an appropriation official in an executive order.

Analysts believe that it is extremely unlikely that Tiktoka’s maternal company will sell its prize application without Beijing.

It is expected that the China government will issue an export license for the Tiktok algorithm as time.

Trump also said that he would discuss the deal with Xi Jinping at the Summit on Economic Cooperation in the Asia-Pacific region in South Korea at the end of October.

According to Tiktok, in 2024, US users spent an average of 51 minutes a day in the application.

When a bill was announced, many US creators who make a living in the application told BBC that its loss will be destructiveField

In March 2024, Tiktok called on his users to contact their political representatives to complain. Some lawmakers said Lobbying campaign actually strengthened their fears about the applicationField

Experts predicted that competitors on video exchange, such as instagram drums, YouTube shorts and another Chinese application, would benefit if the ticktok was prohibited.

But even if his future in the United States was provided, there is no guarantee that users will decide to adhere to the new version of the application.

“The jury turned out about whether this will be new, only for the United States, will be a real copying of the old, with the same powerful algorithm and experience,” said Kelsing from the company for Forrester market research.

Additional reporting Lily Jamali