White House to Lead TikTok Deal Negotiations

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White House to Lead TikTok Deal Negotiations
TIKTOKBYTEDANCENATIONAL SECURITY
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The Vice President has been tasked with leading White House efforts to broker a deal that would keep TikTok accessible to U.S. users. The deal would require ByteDance, TikTok's Chinese-based owner, to sell the app to a U.S.-based entity before a ban extension expires in April. President Trump has tasked the Vice President and National Security Adviser Michael Waltz to oversee this deal. While Trump has floated the idea of 50/50 American and Chinese joint ownership, it remains unclear if this would satisfy national security concerns that prompted the ban.

The vice president has been asked to lead White House efforts to broker a deal that would keep the popular video app accessible to U.S. users. to a U.S.-based entity before the most recent ban extension elapses in April, according to two people familiar with the arrangement.

The move came after a number of TikTok users had downloaded a similar Chinese app called RedNote in protest of the ban, Krishnamoorthi said prospective American buyers, from the YouTuber Jimmy Donaldson, who’s widely known as MrBeast, to the billionaire Frank McCourt, have been “lining up” to buy TikTok.

Crow, who backed the legislation that mandated divestment, said “we structured it that way because we don’t want to end the platform.”

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