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What We Do and Don’t Know About US TikTok Deal With China

How the framework evolves will likely have ramifications for the broader US social media landscape, too, where rivals including Meta Platforms Inc. and Alphabet Inc. are jostling for market share.

TikTok’s first time sponsoring the glitzy event comes just as the US effectively deemed the company a national security threat under its current ownership, raising complications for Condé Nast and the gala’s other organisers. — Under the spin-off arrangement set out in an executive order Trump signed on Sept. 25, TikTok will be majority-owned and controlled by Americans. (Shutterstock)

Bloomberg

26 September 2025

After more than a year of negotiations, the US and China are nearing an agreement to hive off the US operations of social media platform TikTok to a consortium that could include software giant Oracle Corp. If the deal is finalised, it would resolve a persistent issue in Beijing-Washington relations that has become entangled in broader talks over trade.

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Trump Signs TikTok Order With US App Valued at $14 Billion

‘I had a very good talk with President Xi,’ Trump told reporters in the Oval Office of the White House.

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