Overview

• The White House moved the divestiture deadline to December 16, 2025, marking the fourth extension and averting a potential cutoff this week.
• Trump said the U.S. and China have an understanding to keep TikTok operating by moving assets to American owners, with possible confirmation in a September 19 call with Xi Jinping.
• The anticipated structure would form a U.S.-based company with majority American investor control; CNBC reported a 30–45 day closing timeline that others have not independently verified.
• Any plan may need congressional approval under the 2024 law requiring ByteDance to cede control of TikTok’s U.S. operations.
• Treasury Secretary Scott Bessent said terms align with earlier talks and would include national-security safeguards following negotiations in Madrid, though failure to secure approvals could still trigger a U.S. shutdown of the app.