Technology9/19/2025The Verge

So… is there a TikTok deal or not?

So… is there a TikTok deal or not?

The article discusses the ongoing negotiations between China and the United States regarding the potential sale of TikTok to an American consortium. The key points are: 1. China and the US have made progress on granting permission for ByteDance to sell TikTok to an American consortium, fulfilling a legal requirement that was overdue by nine months. 2. President Trump and President Xi Jinping discussed the TikTok deal during a phone call, with Trump expressing appreciation for the "TikTok approval" and noting that they would meet at the APEC Summit in October. 3. TikTok's response was equivocal, stating that ByteDance will work to ensure TikTok remains available to American users. 4. The expected buyers are a consortium that includes Oracle, Andreessen Horowitz, and Susquehanna International Group, with ByteDance reportedly retaining a share just shy of 20 percent. 5. The deal is still in the works, and TikTok users are uncertain about the future of the app, as there is no clear timeline for the resolution of the agreement.

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