Overview

• The White House says a framework would make TikTok majority-owned in the U.S., with Americans holding six of seven seats on the U.S. board.
• Press secretary Karoline Leavitt said the platform’s recommendation algorithm would be controlled by the United States under the deal.
• Oracle would handle TikTok’s U.S. data and security, according to the White House, though detailed terms were not disclosed.
• President Trump said he appreciated TikTok approval after a call with Xi Jinping, but China’s official readout mentioned no agreement and has signaled it will not hand over the algorithm.
• The administration has extended the divest-or-ban deadline to December 16, and officials say the deal’s details are agreed upon but still require signatures.