Summary
The White House says a deal is close that would give the United States control over TikTok's key functions and help ensure data security. This agreement would give Americans oversight of TikTok's U.S. operations and respond to concerns about the app's ties to China. The deal involves major U.S. tech companies handling data and governance.
Key Facts
- The White House claims that the U.S. would control TikTok's key algorithm under a new deal.
- Six out of seven board seats of TikTok's U.S. operations would go to Americans.
- TikTok is owned by ByteDance, a private Chinese company, and has about 170 million American users.
- The proposed deal aims to prevent data security risks linked to Chinese government influence.
- A U.S.-based consortium, including Oracle and Silver Lake, would own 80% of TikTok.
- Oracle would manage U.S. user data to monitor for unusual activities.
- The TikTok algorithm would be licensed from ByteDance but overseen by the U.S. consortium.
- The deal needs final signing, according to the White House.
