Overview

• White House spokesperson Karoline Leavitt said the agreement is finalized and will be signed in the coming days.
• President Trump said after a call with Xi Jinping that the Chinese leader approved the arrangement, while offering no specifics.
• China’s readout highlighted market‑based negotiations and urged restraint on trade measures without confirming any TikTok agreement.
• Media reports indicate an Oracle‑led group with Silver Lake and Andreessen Horowitz would take majority ownership of a new U.S. TikTok entity, with Oracle responsible for U.S. data and privacy.
• Control of TikTok’s recommendation algorithm remains a sticking point, with reports of a China‑based license even as the White House says it will be controlled by America, and final legal and regulatory signoffs are pending ahead of a planned Trump–Xi meeting at APEC.