Trump delays law enforcement, receivables looking for the sale of American application operations

Tiktok We are used to get a new ownership structure – and a new application for American users – if Trump Administration has been significantly delayed ink efforts to adhere to the Law on Ban Chinese Control Applications.

President Donald TrumpSpeaking with journalists on Tuesday outside the White House, “I have a deal about tectok. I achieved a deal with China.” He said there are “very large companies who want to buy it.” Trump said he would talk to Chinese President Xi Jinping “to confirm everything on Friday” to confirm everything. ”

Since the agreement is not yet final, Trump postponed the implementation of the Law on Tiktok account in 90 days – the fourth time he did – with the new deadline of 16. December.

Trump did not give details about the potential new tiktok owners that they were us. According to Wall Street magazine reportTiktok’s business in the American business would be 80% owned and controlled by investor consortia, including Oracle, Silver Lake and Andreessen Chorowitz. In addition, electricity Susceptibility Investors, including SusqueHanna International, KKR and General Atlantic, would be part of 80% of the ownership group. Chinese shareholders, including challenger, in accordance with the journal report, referring to anonymous sources. The new company ticktok, the US company would have a US dominance committee involving a member who ordered the American government, according to the WSJ report.

The American and Chinese officials met Monday in Madrid on Monday, where the most important negotiator in Chenggang said, that the two parties had reached the “basic framework consensus” to be agreed to be tiktok in the US, in accordance with Reuters. report.

Setting up for tiktok and substrate did not answer the comment requests.

Under the American law, which entered into force 19. January 2025. years, it is illegal for American companies to host or distribute tiktok in the country as long as it remains to control the Chinese company. Legislation last year forwarded the huge court support in Congress, in fears that the popular connection of the video interested in Chinese communist regime to risk it nationally. He was signed at the right of President Biden.

Trump administration tries to reach an agreement for restructuring ownership in tiktok in a way that is in line with the law, and at the same time it will be an agreement, the Chinese government will approve.

Toudetes said 60% of its ownership represents global institutional investors, including Blackocrock, General Atlantic and Suskuhana, with 20% owned by its Chinese founders and 20% of employees, including those in the United States. The Law on SLIVEN or Prohibition of the United States forbids the distribution of any application in which companies or individuals are housed in the country “Foreign opponents” in the United States “directly or indirectly own” at least 20% of the share.

The transfer of ownership would request ticktok’s current American users to download and install a new application, which will be completely separated from the application because there is in the rest of the world, per journal. The American version of the application will have an algorithm for the recommendation for content used by technology licensed by bylaws, while Oracle will continue to manage and host texts of American data.

Trump, in the last months of his first administration, he failed Ban tiktok if her property was transferred to American companies. But after the election election 2024. said “I have a warm place in my heart for tiktok,” because “there are those who say that” application helped support for him among young voters.