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Topline President Donald Trump and the White House have signaled a deal between TikTok’s Chinese ownership and the U.S. is expected to be completed later this week and placed in the hands of possibly a trio or more of the world’s wealthiest—and all Trump supporters. The White House has said a deal is expected to be signed with China “in the coming days,” as multiple Trump-supporting billionaires—Larry Ellison, Marc Andreessen, Lachlan Murdoch—may be involved. Anadolu via Getty Images Key Facts As part of a ban approved by Congress in April 2024, ByteDance, TikTok’s China-based owners, are required to divest from the social media app or face a ban in the U.S., though Trump has extended a deadline for ByteDance to do so multiple times and recently proclaimed, “We have a deal on TikTok.” TikTok could be valued anywhere between $40 billion and $50 billion, Wedbush Securities analyst Dan Ives wrote earlier this year, though that estimate excluded ByteDance’s recommendation algorithm (ByteDance reportedly valued itself at more than $330 billion in August). When Will The Tiktok Deal Be Completed? Trump is expected to approve a framework for the deal in an executive order later this week, a senior White House official told the Wall Street Journal. White House press secretary Karoline Leavitt suggested over the weekend a deal would likely be signed “in the coming days.” What Do We Know About The Deal’s Terms? Treasury Secretary Scott Bessent said last week that trade negotiators from the U.S. and China agreed on a “framework” for the deal that would transition TikTok to U.S.-controlled ownership, though specifics—other than likely investors—have not been specified. Who Could Control Tiktok? Americans will hold six of seven board seats for TikTok’s U.S. entity as part of the deal, according to Leavitt. Oracle, the cloud computing firm headed…

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Filed under: News - @ September 23, 2025 10:27 pm