Washington — TikTok has signed a deal to promote its U.S. operations to a consortium of American traders, CBS News has confirmed.
Axios was first to report the deal.
Under a legislation handed final 12 months, TikTok’s China-based mother or father firm, ByteDance, should both sever ties with the social media platform’s American operations or lose entry to U.S. app shops and web-hosting companies. The legislation set a January 2025 deadline, however President Trump has prolonged it a number of instances, most not too long ago till Jan. 23, 2026.
In September, Mr. Trump signed an govt order paving the best way for a deal brokered by his administration to maintain TikTok working within the U.S. underneath a brand new company construction with American traders.
A senior White House official stated in September that underneath the proposed deal, ByteDance’s content material suggestion algorithm that powers TikTok can be copied and retrained to run solely on the information of its U.S. consumer base. Cloud-computing agency Oracle will present “high to backside safety” by internet hosting Americans’ consumer information and reviewing the app’s code to make sure “the algorithm is behaving appropriately and it is safe,” the official stated.
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