Overview

• Negotiators in Madrid said a framework was reached for TikTok’s U.S. operations to move to U.S.-controlled ownership, with commercial terms agreed but undisclosed.
• Treasury Secretary Scott Bessent confirmed the arrangement and said the leaders’ call would finalize it as a statutory divest-or-ban deadline hits this week.
• Officials said the deal would keep TikTok available in the United States, where the app has roughly 170–180 million users.
• Beijing described the understanding as mutually beneficial and signaled it will safeguard Chinese firms’ interests, and any sale still requires Chinese approval given its golden-share rights in ByteDance.
• The buyer has not been identified, and the talks are unfolding alongside wider trade and technology frictions, including Chinese antitrust scrutiny of Nvidia and tariff negotiations.