Overview

• U.S. Finance Secretary Scott Bessent said negotiators have a framework to shift TikTok’s U.S. assets into American ownership or control.
• The White House granted a new reprieve that keeps TikTok available in the United States at least until December 16 to allow implementation.
• Media reports say a U.S. consortium led by Oracle with Silver Lake and Andreessen Horowitz would take roughly 80% of a new U.S. TikTok entity, with Oracle remaining the technical provider and a U.S.-dominated board including one government-appointed director.
• Reporting indicates China would retain the recommendation algorithm in China and license it to the U.S. operator, a central unresolved issue subject to Chinese approval and U.S. legal constraints.
• CNBC reported it could take 30 to 45 days to finalize terms, and the prospective deal still requires legal, technical and regulatory sign-offs on both sides.