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Trump Schedules China Talks Next Week to Finalize TikTok Divestment

Approval from Beijing is the final condition for moving TikTok’s U.S. arm into American hands by the September 17 deadline.

This image shows TikTok's logo on a smartphone screen and US' and China flags on a laptop screen in Frankfurt am Main, western Germany.
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Overview

  • Trump said formal negotiations with China would begin as early as Monday or Tuesday, adding that the U.S. “pretty much” has a deal in place.
  • In June, Trump issued a third executive order granting ByteDance 90 more days under the 2024 law that requires divestiture of its U.S. operations.
  • Potential buyers include an Oracle-led consortium with Blackstone and Andreessen Horowitz alongside Frank McCourt’s syndicate featuring Kevin O’Leary, all seeking majority control.
  • Spring talks for a spin-off stalled after Beijing objected to U.S. tariffs, making Chinese approval the key outstanding hurdle.
  • The divestment effort aims to protect data privacy by removing TikTok’s algorithmic engine from Chinese ownership for its 170 million American users.