Trump Allies To Control Tiktok Under New US Deal

2025-09-26 05:07:19

(MENAFN- Gulf Times) Donald Trump on Thursday signed an executive order laying out a proposed deal for a US version of TikTok that would put control of the app in the hands of the president's allies.
The deal would see Chinese ownership of TikTok reduced to 20 percent in the United States, and Beijing on Friday reiterated a call for "open, fair" treatment on the issue.
The phenomenally popular short-form video platform says it has over 170 million US users -- nearly half the population of the world's top economy.
But national security concerns have led Washington to try and wrest TikTok's US operations from the hands of Chinese parent company ByteDance.
At a signing ceremony at the White House on Thursday, Trump said the US version of the app would be run by "highly sophisticated" investors, all his allies, while insisting that the app would not toe any political line.
The investors would include Larry Ellison, the founder of cloud giant Oracle, tech investor Michael Dell and media tycoon Rupert Murdoch.
"The proposed divestiture would allow the millions of Americans who enjoy TikTok every day to continue using it while also protecting national security," Trump stated in the order.
"If I could make it 100 percent MAGA I would, but it's not going to work out that way unfortunately. No... every group, every philosophy, every policy, will be treated very fairly," Trump told reporters.
Investment firm Silver Lake Management and Silicon Valley powerhouse Andreessen Horowitz are also thought to be part of the deal.
- 'Continuously monitored' -
The president confirmed that the US version of TikTok would feature a homegrown model of the app's prized algorithm.
Often described as TikTok's "secret sauce", it has helped the app grow into one of the world's most popular social media platforms in just a few years.
A White House official said Monday the algorithm would be "continuously monitored" to ensure it is "not being unduly influenced."

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