Home » Technology » We now know who the new owners of TikTok will be – if Trump gets his deal done with Xi

We now know who the new owners of TikTok will be – if Trump gets his deal done with Xi

by Rachel Kim – Technology Editor

Breaking: TikTok Deal Reached⁤ in Principle,⁢ Paving way for Potential Trump-Xi Meeting

Washington, D.C. – A deal​ has been ⁣reached‍ in principle regarding the‍ future‍ of TikTok, potentially averting a ban of the​ popular ⁤video-sharing app in the United⁢ States. ​The agreement, brokered⁣ with the involvement ⁣of both⁤ President Trump adn Chinese⁤ President Xi Jinping, hinges on terms that ⁤address U.S.‌ national security concerns without‍ requiring China to⁢ explicitly​ approve the deal. Details of the‍ ownership structure and investors are expected to be revealed within the coming days or weeks.

the outcome resolves months of uncertainty ‌surrounding TikTok’s fate, which became a focal ⁣point in escalating‍ tensions between the U.S. and China. the app, owned by Chinese​ company ByteDance, faced scrutiny over data privacy and potential links to⁤ the Chinese government.⁢ The agreement represents a compromise were⁣ the U.S. secured commitments regarding ⁤future actions that would not ⁤impact national security,⁤ according to​ a source ⁢familiar with ​the negotiations. This deal also‍ clears ‌a important hurdle toward​ a⁢ potential meeting between Presidents Trump and Xi, a meeting⁤ China ‌has sought and which U.S. ​officials suggest could occur as soon as next month.

According to ‍a source, “We were not‌ willing⁤ to give up ​national⁤ security in favor of the‌ deal,” adding that the agreements ‌reached focus on “things we will not be doing⁤ in ‍the future ⁣that will have ⁣no impact on national‍ security.”

The path to a⁤ resolution involved direct engagement⁢ from⁤ both leaders, with both Trump⁣ and Xi expressing interest in re-engaging on TikTok discussions. The source also⁤ stated, “President Trump showed great leadership and fortitude for ‌what he wanted ⁣to see‌ on this deal,” and ‍described the ⁢outcome as “highly satisfactory for the US interests.”

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