Here is what is happening now with the American Tiktok deal

TikhakThe Chinese company by attedance, was at the center of the controversy in the United States four years ago due to concerns about the user data that is likely to be accessed by the Chinese government.

As a result, users often found themselves in the middle of this tension. Earlier this year, the application saw a temporary interruption in the United States leaving millions of users in a state of suspense before recovering quickly. Tiktok returned to the Google Play Store In February.

A number of investors are competing for the opportunity to purchase the application, and if there is a deal that you go through, the American platform can be evaluated to escalate 60 billion dollarsAs destined by Vice President CFRA Research, Angelo Zino.

After extensive discussions and after Trump expanded the deadline for Tiktok ban for the fourth time, it appears that progress has been made. Last week, President Trump announced that President Xi from China had granted his approval to the Tiktok deal, which would allow the US Investors Union to control the platform. Bytedance publicly stated that it would ensure that the platform will remain available to American users.

Who will take the ownership of Tiktok in the United States?

newly, “Framework” deal According to what was reported between the United States and China New information revealed This indicates that a union of investors, including Oracle, Silver Lake and Andressen Horowitz, may oversee American Tiktok operations.

These investors are expected to carry a 80 % stake, and I will compete for the remaining stocks for Chinese stakeholders. The board of directors of the new entity will be composed of most of us, with one member appointed by the United States government.

During the weekend, President Donald Trump stated in an interview with Fox that Robert Murdoch and his son Laqlan “maybe” will play a role, along with CEO Larry Ellison and Del Technion CEO.

Oracle is likely to deal with safety and safety measures. The company already provides cloud services for Tiktok and runs user data in the United States significantly, previously made an offer to Tiktok in 2020.

In addition, as part of the proposed arrangement, Oracle will repeat and secure a new American version of the algorithm, according to a White House official. US -based TIKTOK owners can rent the algorithm from bytedance, which Oracle will be returned after that.

Bytedance will not be able to access information about Tiktok users in the United States or any effect on the United States algorithm.

What users should know in the United States

Reports from Bloomberg indicate that when the deal is completed, the Tiktok app in the United States will be stopped and users will need to move to a new platform. However, the details of this basic system remain largely unclear, including its features and how they will differ from the original application.

How did we get here

To understand this high risk drama, we will first review the timetable of the turbulent Tiktok relationship with the United States government, which led to various legal battles and negotiations.

The drama started for the first time in August 2020When Trump signed an executive order to ban transactions with the parent company.

A month later, the Trump administration sought to impose the sale of US Tiktok operations to a US -based company. It included prominent competitors Microsoft, Oracle and Walmart. However, a temporary American judge Prohibited Trump’s executive command, allowing Tiktok to continue to work while the legal battle is exposed.

Things began to advance more last year after moving to the Biden administration. after Senate The draft law passed against Tijook, President Joe Biden He signed it.

In response, Tiktok filed a lawsuit against the United States governmentThe constitutional prohibition challenge, the application and its American users argued that the first amendment rights were violated. The company has constantly denied that it poses a security threat, confirming that its stored data in the United States is compatible with all local laws.

Quickly forward to this day: Trump He had a change in the heart since his first term and tried to achieve a royal arrangement between 50 and 50 years between by attedance and an American company.

There were many competitors, including People offer to Tactok Consortium organized by the founder of Project Liberty Frank McCart. This group received the support of the Guggenheim Securities and the Kirkland & Elis. Among the supporters co -founder of Reddit Alexis OhaanianAnd the character of the television and the investor Kevin OlieriThe inventor of the global web network, Tim Berners Lee, and senior research scientists, David Clark.

Another group, called the American investor, is called by the American investor, who leads it employer founder Jesse Tinsley It includes the co -founder of Roblox David BastukiCo -founder of Anchorage Digital Nathan McCauley, and the famous YouTube Mrbeast.

Among the others in running Amazonand Applovinand Microsoftand AI confusionand rumbleWalmart, Zooop, former CEO of Activision Bobby CotikAnd former US Treasury Secretary Stephen Mnuchin.

The story was updated after publishing.