The new agreement being signed for TikTok is causing uproar among Americans. Many believe that the platform will now change permanently. The final agreement for the sale of TikTok’s American operations from Chinese ByteDance to American investors will be signed in the coming days, as announced by White House Press Secretary Caroline Leavitt. Six of the seven board positions will pass to Americans, while the platform’s algorithm will remain under American control, according to official sources.
Negotiations for the TikTok platform
This agreement follows weeks of intensive negotiations between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Madrid. The framework stipulates that ByteDance will no longer hold more than 20% of TikTok’s American operations. The remainder will be distributed among companies like Oracle, Andreessen Horowitz, and Silver Lake Management LLC.
What the agreement means for TikTok control
Leavitt emphasized that all data and privacy protection will be monitored by American technology companies, while the algorithm will also be controlled by the US. This development raises questions about the platform’s future and how content will function for users in the United States.
Bloomberg reports that President Donald Trump confirmed that the app “will belong exclusively to American investors” and that it will be ensured that the companies controlling it will be “America-friendly.” However, it has not yet been clarified whether the algorithm will remain the same or be modified.
The investors and agreement details
The agreement provides that ByteDance will retain a 20% share, while the remaining board positions and algorithm control pass to American hands. Oracle, Andreessen Horowitz, and Silver Lake Management LLC are the main new investors who will take over the platform.
The White House Press Secretary emphasized: “All these details have already been agreed upon, now we just need the agreement to be signed, which we estimate will happen in the coming days.” This development marks a historic change in how the popular app will manage its data and technology in the American market.
