TikTok Finalizes Deal with China to Avoid U.S. Ban
TikTok Strikes Agreement with China to Sidestep U.S. Restrictions
TikTok's recent agreement with China is positioned to avert a significant U.S. ban. According to a White House official, the arrangement comes after the 2024 bipartisan law demanded TikTok's China-based parent, ByteDance, detach from its U.S. operations or lose functionality within U.S. app stores. Unanimously upheld by the Supreme Court, this law invalidated app stores from offering any updates or new downloads past January 19, 2025. In the interim, President Trump has periodically issued executive orders directing that tech firms hosting TikTok not face penalties.
Details of the Arrangement
Reports indicate that TikTok's U.S. operations will be overseen by a consortium, including Oracle and Silver Lake. This relationship is notable due to Oracle's co-founder, Larry Ellison, whose family possesses significant interests in Paramount Skydance, the parent company of CBS News. Nonetheless, specifics surrounding the algorithm's management remain undisclosed.
- Chinese Government's Reaction
- Vague Statements on the forced sale of TikTok have emerged, raising questions about future compliance with local laws and regulations.
Responses from Lawmakers
Republican Representative John Moolenaar of Michigan highlighted the importance of this development, affirming that the House Select Committee on the Chinese Communist Party will conduct a public hearing on the matter.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.