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3w ago

U.S. and China Reach TikTok Framework as Trump Extends Deadline to December 16

A U.S.-led investor group is poised to take control of the app’s American business with Oracle handling data, pending a Trump–Xi call to lock in terms.

Xi Jinping y Donald Trump tendrán una llamada telefónica este viernes para sellar el acuerdo de la venta de TikTok. (Foto y Composición: AFP / El Comercio)
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La aplicación debía encontrar un comprador no chino, como condición para no ser prohibida en EEUU.
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Overview

  • President Donald Trump signed an executive order granting a fourth 90‑day extension, moving the divest‑or‑ban deadline to December 16, 2025.
  • U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng outlined the Madrid framework, and Trump said he will speak with President Xi Jinping on Friday to finalize it.
  • Press reports say a consortium including Oracle, Andreessen Horowitz and Silver Lake would acquire roughly 80% of TikTok’s U.S. operations, with Chinese ownership below 20% in line with U.S. law.
  • Oracle is reported to manage and store U.S. user data, including in Texas, addressing stated national‑security concerns about data access.
  • Officials say commercial terms between private parties are agreed but technical, governance and algorithm issues remain undisclosed, and the changes would apply only to the U.S. market where TikTok counts about 150–180 million users.