Trump’s tiktok Deal will give control to the group of American investors, says report

The plan “Saving” tiktok begins to come into focus. Tuesday The Wall Street Journal reported more Details of the agreement between the United States and China, because the two sides obviously “finalize” the specifics of the arrangement.

According to the report, Tiktokovo American business will be owned primarily groups of American investors, who will have a “approximately” share by 80 percent in the entity. The Group includes many years of Tiktok Partner Oracle, as well as Silicon Valley VC company Andreesen Chorovitz and a private company for capital Silver Lake. Chinese shareholders will have a minority stake that maintains their ownership by Prague 20 percent require law. The US government will also allegedly receive one member of the Board of the Body “American Domination”.

Reports of such arrangement during the months revolve months, with President Donald Trump speaking To make the deal “about two weeks”. Chinese officials seem to have finally signed on a new arrangement, with the Chinese regulator who said earlier this week that a new American version of ttytok was to use Chinese algorithm.

Now, The Wall Street Journal It reports that “tiktok engineers will re-create” application algorithm for a whole new ticktok application using technology licensed by bylaws. The company reportedly tests a new application. Oracle will monitor American user data for surgery; Tiktok and Oracle teamed up on data security Following previous negotiations between the company and the American government.

Although the final agreement is obviously close, it could still take a while before it is complete. Meanwhile, Trump extended the deadline that would prohibit the current version of the application in the US . On Tuesday he told reporters in the White House was planned to talk to Chinese President Xi Jinping on Friday “to confirm everything.”