The White House said on Monday that tech giant Oracle will provide the security of the US version of the Tiktok algorithm and based on a deal to sell the U.S. business of the Chinese-owned app.
The proposal transforms Tiktok’s U.S. operations into a new U.S.-based joint venture, a senior White House official Toteld reporter, adding that the entity will involve a “major American board of directors.”
Oracle, in turn, is expected to serve as a security provider.
The agreement stipulates that a copy of Tiktok’s content proposal algorithm will be brought into the U.S. joint venture system, the official said.
“Security providers will conduct a comprehensive inspection and retraining on U.S. user data, which will then be operated by U.S. entities,” the official added.
Washington should forcibly take Tiktok’s U.S. business away from the helpless hands of its Chinese parent company.
Under President Donald Trump’s predecessor, Joe Biden, Congress passed law Force people to sell their businesses or face a ban on popular platforms.
U.S. policymakers, including Trump during his first presidency, warned that China could use Tiktok to mine data from Americans or have an impact on the impact they see on social media.
On Monday, a U.S. official said the algorithm would be “continuously monitored” to ensure it is “not over-impacted.”
The latest update comes after a Friday-based update to Chinese President Xi Jinping’s progress after two leaders ghosted over the phone for the second time since Trump returned to the presidency.
U.S. officials said on Monday that Trump is expected to sign an executive order this week and announced that terms of the Tiktok deal meet U.S. national security needs.
White House Press Secretary Karoline Leavitt told Fox News Over the weekend, “the board will have seven seats controlling the U.S. app, and six of them will be American.”
Trump alone added that media tycoon Rupert Murdoch and his eldest son Lachlan may be investors who will control Tiktok in the United States.
Officials say Trump’s Tiktok deal will meet legal requirements in 2024.
Meanwhile, Trump will sign an executive order later this week that announces a deal that strips Tiktok’s U.S. business from the bitter bites of Chinese owners, which will meet the requirements set by the 2024 law.
The U.S. is confident China has approved the deal and has no plans for further negotiations with Beijing on its details, an official reporter on Totold’s official call, but added that both sides asked additional documents from both sides to approve the deal.
Officials added that the valuation of Tiktork’s U.S. assets would be “billions of dollars.” The U.S. government will not occupy a board seat, nor will it receive a golden share in our new entity that owns Tiktok, but it is unclear whether the U.S. government will receive payments as a condition of approval.
The official said Biteedance will be less than 20%, and Tapptok US will be controlled by a mix of its existing U.S. and global companies and a large number of new investors with affiliation with Bitedance.
All investors have not completed it, but will include major companies such as Oracle and private equity firm Silver Lake.
Media tycoon Lachlan Murdch, along with business leaders Larry Ellison and Michael Dell, will be involved as U.S. investors in a proposed deal to continue the attacks in the U.S., Trump said on Sunday.
Trump is trying to ban the short video app with 170 million USS users after Congress passed a law that passed a law that ordered the owner Bites to close it in January 2025 if it did not sell its U.S. assets.
Trump has delayed enforcement of the law in mid-December, due to efforts to extract Tiktok’s U.S. assets from global platforms, arranged U.S. investors and ensured that the new ownership qualifies for all divestitures required by the 2024 law.
Officials added that Trump’s executive order will include a new 120-day law enforcement suspension to allow investors and conservative agreements.
The progress of the deal with Tiktok last week marks a long-standing trade war between the world’s two largest economies, a rare trade war that is not disturbing in global markets.
