Source: The Guardian [UK]
“Donald Trump signed an executive order on Thursday outlining the terms of a deal to transfer TikTok to a US owner. Trump said he and China’s president Xi Jinping had come to an agreement to allow TikTok to continue operating in the US, separating the social media platform from its Chinese owner ByteDance. Trump said the deal complies with a law that would have forced the shutdown of the app for American users had it not been divested and sold to a US owner. … Under the plan, US investors will take over the majority of TikTok’s operations and take charge of a licensed copy of the app’s powerful recommendation algorithm. American companies are expected to own about 80% of the US version of the spun off company, while ByteDance and Chinese investors will own less than 20%.” (09/25/25)
https://www.theguardian.com/technology/2025/sep/25/trump-china-tiktok-deal