TikTok Nears U.S. Deal as April 5 Deadline Approaches

Negotiations focus on creating a U.S.-controlled entity with reduced Chinese ownership, but key issues like algorithm control and China's approval remain unresolved.

• President Trump has expressed confidence that a deal involving multiple U.S. investors will be finalized before the April 5 deadline to avoid a TikTok ban.
• The proposed plan would spin TikTok into a new U.S.-controlled company, with private equity firms like Blackstone and Andreessen Horowitz considering investments.
• ByteDance may license TikTok's algorithm to the new entity, but U.S. law requires operational separation from its Chinese parent company.
• The Chinese government has resisted selling TikTok's algorithm, and its stance on the proposed deal remains unclear.
• The Trump administration is exploring tariff reductions with China as part of a broader negotiation tied to the TikTok deal.

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