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TikTok to stay in the US as Donald Trump says deal is done | TikTok to stay in the US as Donald Trump says deal is done |
(about 3 hours later) | |
A deal has been made between the US and China to keep TikTok running in the US, according to the US President Donald Trump. | A deal has been made between the US and China to keep TikTok running in the US, according to the US President Donald Trump. |
"We have a deal on TikTok, I've reached a deal with China, I'm going to speak to President Xi on Friday to confirm everything up," Trump told reporters as he left the White House for a state visit to the UK. | "We have a deal on TikTok, I've reached a deal with China, I'm going to speak to President Xi on Friday to confirm everything up," Trump told reporters as he left the White House for a state visit to the UK. |
The social media platform, which is run by Chinese company ByteDance, was told it had to sell its US operations or risk being shut down. | The social media platform, which is run by Chinese company ByteDance, was told it had to sell its US operations or risk being shut down. |
However, Trump has repeatedly delayed the ban since it was first announced in January. | However, Trump has repeatedly delayed the ban since it was first announced in January. |
The US president said a buyer will be announced soon. | The US president said a buyer will be announced soon. |
CNBC reported the deal would include a mix of current and new investors, and would be completed in the next 30 to 45 days. | CNBC reported the deal would include a mix of current and new investors, and would be completed in the next 30 to 45 days. |
It also said US tech company Oracle would keep its existing agreement to host TikTok serves inside the US. | It also said US tech company Oracle would keep its existing agreement to host TikTok serves inside the US. |
That had been one of the main concerns of American lawmakers, who cited concerns over data being shared with China on national security grounds. | That had been one of the main concerns of American lawmakers, who cited concerns over data being shared with China on national security grounds. |
On Monday, a US trade delegation said it had reached a "framework" deal with China amid wider trade negotiations in Madrid. | On Monday, a US trade delegation said it had reached a "framework" deal with China amid wider trade negotiations in Madrid. |
China confirmed a framework agreement but said no deal would be made at the expense of their firms' interests. | China confirmed a framework agreement but said no deal would be made at the expense of their firms' interests. |
After the talks, Wang Jingtao, deputy head of China's cyberspace administration, suggested in a press conference the agreement included "licensing the algorithm and other intellectual property rights". | After the talks, Wang Jingtao, deputy head of China's cyberspace administration, suggested in a press conference the agreement included "licensing the algorithm and other intellectual property rights". |
He added: "The Chinese government will, according to law, examine and approve relevant matters involving TikTok, such as the export of technology as well as the license use of intellectual property." | He added: "The Chinese government will, according to law, examine and approve relevant matters involving TikTok, such as the export of technology as well as the license use of intellectual property." |
After initially calling for TikTok to be banned during his first term, Trump has reversed his stance on the popular video-sharing platform. | After initially calling for TikTok to be banned during his first term, Trump has reversed his stance on the popular video-sharing platform. |
In January, the US Supreme Court upheld a law, passed in April 2024, banning the app in the US unless its Chinese parent company ByteDance sold its US arm. | In January, the US Supreme Court upheld a law, passed in April 2024, banning the app in the US unless its Chinese parent company ByteDance sold its US arm. |
The US Justice Department has said that because of its access to data on American users, TikTok poses "a national-security threat of immense depth and scale". | The US Justice Department has said that because of its access to data on American users, TikTok poses "a national-security threat of immense depth and scale". |
However, ByteDance has resisted a sale, maintaining its US operations are completely separate, and says no information is shared with the Chinese state. | However, ByteDance has resisted a sale, maintaining its US operations are completely separate, and says no information is shared with the Chinese state. |
TikTok briefly went dark in January, but this lasted for less than a day before the initial ban was delayed. | TikTok briefly went dark in January, but this lasted for less than a day before the initial ban was delayed. |
The deadline for a sale has since been extended four times, and the latest delay to the ban is due to end on 16 December. | |
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