Talks led by the White House to determine TikTok’s future are coalescing around a proposal that would have some of ByteDance’s largest non-Chinese investors increase their stakes and acquire the U.S. operations of the popular short video app.
The plan, according to two sources familiar with the discussions, involves spinning off a U.S. entity for TikTok and reducing Chinese ownership to below the 20 percent limit mandated by U.S. law—an effort aimed at saving the app from an imminent ban on national security grounds.
The proposed deal has drawn strong support from existing ByteDance investors, including Jeff Yass’ Susquehanna International Group and Bill Ford’s General Atlantic, both of which sit on ByteDance’s board. Private equity firm KKR is also participating, the sources said. Under the plan, Oracle would continue to host U.S. user data and guarantee that it remains inaccessible to China, reinforcing assurances of data security.
The proposed restructuring comes in the wake of a law, effective January 19, that requires ByteDance to either divest its U.S. operations or face a ban. U.S. officials have raised concerns over TikTok’s Chinese ownership, arguing that it makes the app vulnerable to potential influence operations by the Chinese government—a claim the company denies, insisting that its content recommendation engine and user data are managed domestically.
White House involvement in the negotiations has been unprecedented, with the administration essentially taking on the role of an investment bank to broker a deal that would allow ByteDance to maintain a stake in TikTok while transferring operational control. The deal is seen as critical not only for TikTok’s survival in the U.S. market but also for setting a precedent in U.S.-China technology relations.
Other groups, including an investor consortium led by billionaire Frank McCourt and another involving YouTube personality Mr. Beast, are also reported to be vying for the app. However, current indications suggest that existing ByteDance investors are the frontrunners in the discussions.
Representatives for TikTok, ByteDance, Susquehanna, Oracle, and the White House could not immediately be reached for comment.
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President Donald Trump said on Tuesday that the U.S. and China have a deal that would keep TikTok operating in the United States, transferring its U.S. assets to U.S. owners from China's ByteDance, potentially resolving a saga that has lingered for nearly a year.
President Donald Trump said he has American buyers ready for TikTok and could extend ByteDance’s divestment deadline, emphasizing he has no privacy or security concerns.
Chinese authorities have summoned major tech firms, including Tencent and ByteDance, over their purchases of Nvidia’s H20 AI chips, raising concerns about information security and urging companies to rely on domestic suppliers amid escalating regulatory scrutiny.
TikTok’s parent company, ByteDance, has developed a robotic system powered by artificial intelligence that can perform household chores such as folding clothes and cleaning tables.
A source has confirmed to Anewz that all bodies of the 20 victims in the Turkish Military place crash have been recovered by search teams in Georgia's Sighnaghi municipality.
Two earthquakes centered in Cyprus on Wednesday were felt across northern and central regions of Israel, raising concerns among residents in both countries. The first tremor occurred at 11:31 a.m., with the epicenter near Paphos, Cyprus, at a depth of 21 kilometers.
Georgian Interior Minister Geka Geladze has visited the site of the Turkish military helicopter crash in Sighnaghi Municipality, near the Georgia–Azerbaijan border.
Mali's Prime Minister, General Abdoulaye Maiga, sharply criticised France and Algeria on Tuesday (11 November) for allegedly supporting terrorist groups operating in the Sahel region. His comments came during the opening of the Bamako Military Exhibition (BAMEX).
Anewz correspondent Nini Nikoleishvili reports from site of crashed Turkish military plane in Sighnaghi Municipality, saying that limited visibility and rugged terrain are slowing down recovery efforts.
Germany’s coalition partners have agreed on a draft bill on Thursday (November 13) that would introduce a voluntary military service as the country seeks to bolster national defences over Russian security concerns.
Brussels Airport temporarily halted air traffic on Wednesday evening following the sighting of a possible drone near the airfield. Flight operations were suspended for about half an hour as a precautionary measure, according to Belgian air navigation service provider Skeyes.
Prosecutors in Milan have opened an investigation into allegations that Italian nationals paid Bosnian Serb soldiers for trips to the hills around Sarajevo in the 1990s so they could shoot civilians during the city’s four-year siege.
Tanzania's President Samia Suluhu Hassan has appointed longtime ally and former finance minister Mwigulu Nchemba as prime minister, following a disputed election that triggered deadly unrest and drew international concern over human rights abuses.
Former French President Nicolas Sarkozy will appeal his conviction for conspiring to secure illegal Libyan funding for his 2007 election campaign, with hearings set from 16 March to 3 June, the Paris appeal court said on Thursday (13 November).
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