TikTok’s future in the US has been in limbo for over year, but the Trump administration has signaled a deal is coming
For a week, the White House has signaled that a deal to transfer ownership of TikTok to a US company is forthcoming. Donald Trump is expected to sign an executive order this week that would create a structure for a group of investors to take over operations of the Chinese social media company in the US.
On Monday, White House officials said that the US business software company Oracle would license a copy of TikTok’s recommendation algorithm as part of the deal. The partnership expands on Oracle’s existing management of TikTok’s trove of data collected about its US users.
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