President Donald Trump will review a proposal on Wednesday for TikTok’s US divestment from ByteDance, just days before the 5th April deadline.
The deal may involve Oracle, Blackstone, and other investors, with Oracle providing security assurances while TikTok’s algorithm remains under Chinese control.
Trump will consult with Vice President JD Vance and top officials, though it’s unclear if ByteDance or China are involved.
The sale deadline, initially set for 19th January, has already been extended once, and Trump may extend it further if needed.
Critics, including some Republican lawmakers, argue the deal may not fully address data security concerns or Chinese influence.
Trump has downplayed urgency, noting strong investor interest and suggesting he might lower tariffs to gain Beijing’s approval.
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