Overview
- Treasury Secretary Scott Bessent said the U.S. and China have a TikTok framework and that President Trump will speak with Xi Jinping on Friday to finalize terms.
- Reporting identifies an Oracle‑led group with Andreessen Horowitz and Silver Lake as prospective buyers of TikTok’s U.S. business.
- Oracle is expected to oversee U.S. operations and data security under the proposed arrangement, according to multiple accounts.
- China’s cyberspace regulator said the deal contemplates licensing TikTok’s algorithm and other intellectual property, prompting warnings from Rep. John Moolenaar and Sen. Richard Blumenthal about national security and legal compliance.
- Enforcement of the 2024 divest‑or‑ban statute is delayed until December 16, 2025 while talks proceed, and TikTok has roughly 170 million U.S. users.