The White House is about to support an agreement that allows us to investors to control the American Tiktok operation, According to information from newspapers, information and financial times. This procedure occurs a few days after the deadline imposed by the US government to separate the request from its Chinese observer, otherwise, otherwise it is forbidden from the country.
Former President Donald Trump, who was currently after his re -election, announces (2) plans today for the so -called “Tiktok America”. The legal structure and new companies aim to meet the requirements of the law adopted by Congress, which was verified by the Supreme Court in January, which is the association of the platform with China as a threat to national security.
In January, the US conference approved the legislation that requires the sale of the American Tiktok process to a group unrelated to China until April 5. Trump has postponed the application of the law for 75 days through an executive order, which allowed the completion of negotiations by this deadline.
According to the Financial Times, the agreement on the analysis includes the creation of a new American unit Tiktok, with the participation of a local investor consortium. Among the names of the Andressen Horowitz, Oracle (which already provides the TIKTOK cloud infrastructure in the United States), BlackStone and Silver Lake.
Bytedance would maintain the minority chip and give the license algorithm
The proposal also includes entering other investors who already have a participation in the global Tiktok, such as General Atlantic, Susquehanna, KKR and Coature. The American process is about 30 % of Tiktok’s total business No scientist.
Through the form in the discussion, Bytedance will maintain less than 20 % of the new American unit, and the loss of decision strength and direct control. To enable the continuity of operating the platform, the Chinese company will authorize the algorithm – responsible for customizing videos – to use Tiktok in the United States.
This type of structure will allow us to maintain a healthy user experience, but under American organizational supervision. However, The agreement in the initial stage may change until the deadline on April 5. If the formal nature is not added to any solution, Tiktok may be prevented from working in the United States.
