American Investors Will License and Oversee TikTok’s U.S. Version, White House Says

The White House has announced that American investors will license and oversee the U.S. version of TikTok, as part of a deal to bring the popular social media platform under American ownership. This move aims to address national security concerns that had prompted the previous administration to threaten a ban on TikTok. The new arrangement will see TikTok's U.S. operations being placed under the control of American investors, who will be responsible for its licensing and oversight. This is seen as a compromise that allows TikTok to continue operating in the United States while ensuring that it is subject to U.S. oversight and control. The decision comes after months of negotiations and uncertainty surrounding TikTok's future in the country. The agreement is expected to provide a resolution to the ongoing dispute and ensure the continued availability of the popular video-sharing app for American users.