#BREAKING: The United States and China are nearing an agreement regarding the ownership structure of TikTok"s operations in the U.S. According to a report by the Wall Street Journal, the deal would result in 80% of TikTok being owned by American entities, with the remaining Chinese stake being less than 20%.
The proposed arrangement includes the development of algorithms built in the United States and the management of user data by Oracle in Texas. The final terms of the agreement are currently under review.
This development follows ongoing discussions about the security and management of TikTok"s data amid concerns from U.S. officials regarding the app"s ties to China. As previously reported, the Trump administration had set a divestment deadline for TikTok, which has since been extended to December 16, 2025.
Further updates on this situation are expected as negotiations continue.
