What is this Tiktok deal that continues to talk about?

US President Donald Trump will sign an executive on Thursday confirming that an agreement to strip the American Tijook operations from its Chinese owner will fulfill the requirements stipulated in the 2024 Law, A source at the White House told Reuters on Wednesday.

The long -awaited agreement will allow Tacto to continue working in the United States, after months of uncertainty and government threats to prohibit the permanent application of social media, which includes 170 million American users.

Trump said last week that he had reached an agreement with China, but he provided a few details.

This is what we know yet.

Why is a deal negotiating?

The US Congress approved a law in 2024 during the Biden administration, which required the transfer of US assets to Tiktok to US owners, noting fears of access to American user data by the Chinese government. Under Chinese law, Bytedance will be required to deliver data on Americans if the authorities request this, but Tiktok says she has never received such a request. It also says that its American data is stored outside China.

The Trump administration has not implemented the law, and instead the deadline for completing a deal three times extends. Meanwhile, Trump Tiktok attributed his help in winning the 2024 elections, and the White House made an official account last month.

Last Tuesday, Trump said a deal had been reached, adding, “We have a group of very large companies that you want to buy.” The White House was given Bytedance until December 16 to finish the touches on the agreement.

The Chinese trade representative confirmed that the two sides had reached a “consensus of a basic framework.”

Trump discussed the deal in a phone call with Chinese President Xi Jinping on Friday, and He told reporters The eleventh “agreed” the deal. China, however, did not confirm this.

Who are the investors?

Many details about the new property structure are still unclear.

On Saturday, White House Secretary Caroline Levitt Oracle said and based in Texas He will be responsible for the application and safety data. Oracle will also lead us to supervise the application algorithm, which was in the center of the controversy, with US officials warning that it can be manipulated by the Chinese authorities.

Oracle currently hosts cloud servers that store the TIKTOK content recommendation and user data in the United States

Silver Lake is a part of a consortium of investors who are expected to be undertaken by American operations.

The sources told Reuters that by attedance will retain the largest royal share, at 19.9 percent, under the doorstep of the law of 20 percent directly.

The reports reported by the Associated Press were also appointed between Microsoft, Amazon, Billionaire Frank McCourt, and Consortium led by only Fonefans founder.

In an interview broadcast on Sunday on Fox, Trump said The media pole Robert Murdoch and the founder of technology Michael Del can be part of the deal.

“I think they will be in the group. Two others. Really great people, very prominent people,” Trump said.

Brett Craway, a professor of media and economics at the University of Toronto, says the deal can indicate a continuous political transformation in the environmental system of the social platform in the United States

Technology leaders, including Mark Zuckerberg, CEO of Meta, has made Trump since his successful return to the White House, while Elon Musk, who bought Twitter and renamed the name X in 2022, has a campaign for Trump and worked closely with his management for a while.

Murdoch oversees the right -wing media empire, including Fox News, Wall Street Journal and New York Post.

The co -founder of the Oracle Larry Ellson Foundation, who was inhabited by the musk as the richest person in the world this month, is long ago Trump friend The donor entities are the last Republic. In 2022, Washington Post I mentioned that he participated in a collective call To develop a strategy on challenging the legitimacy of the US presidential election for the year 2020 after he lost Trump.

Ellison has been the company’s CEO for nearly four decades, and he is now the chief technology official and CEO.

“I don’t know what the final result of this is, but I believe that there is a lot of shift to the right in the hope of obtaining some of the organizational treatment favorable from the administration, or at least staying outside the goal of Donald Trump and his absence on his bad side,” Carway said.

What can this mean for Canada?

Despite his concerns about the deal, Karaway said that the fact that the United States is negotiating with Tiktok may be a lesson in Canada.

While Canada did not prevent the application for users, many of the Commissioners of Privacy I recently issued a joint investigation The company collected sensitive information about hundreds of thousands of Canadians under the age of 13. In 2024, at the time, from the Canadian security intelligence service David Venewollet He advised not to use it.

Canadian government Tiktok ordered the closure of its Canadian operations In November 2024, after a preteed, noting unlimited “national security risks”.

Social media experts and content creators warned at the time that the closure of the office will harm Canadian creators by reducing opportunities, support systems, grants and care programs.

Tikhak I pulled care For many Canadian arts institutions in the aftermath of the decision, including the Juno Awards and the Toronto International Film Festival. The Tiktok accelerator has also reduced the National Institute of the National Institute of indigenous creators.

“Just say that you will prohibit the entity of companies in Canada, it does not seem very fruitful for me,” Craway said.

For better or worse, he says the US approach appears to be more useful.

“It may be a reason for the Canadian government to reconsider its approach and try to find a more productive work arrangement with the platform.”