TikTok Finally Strikes a Deal to Be Taken Over by Trump Allies

The article reports that TikTok has struck a deal to be taken over by allies of former U.S. President Donald Trump. The agreement involves creating a new U.S.-based joint venture that would keep TikTok operational, while giving oversight of the platform's algorithm and data security to a group of American investors. The deal aims to address concerns raised by the U.S. government regarding TikTok's Chinese ownership and potential national security risks. Under the proposed structure, TikTok's algorithm and data handling would be supervised by the new joint venture, which includes investments from Oracle and Walmart, both of which have close ties to Trump and his administration. The article notes that the deal still requires approval from the U.S. government, as well as regulatory bodies in China. The outcome of the negotiations could have significant implications for TikTok's future operations and the ongoing tensions between the United States and China over technology and national security.