The White House has announced a deal allowing American investors to license and oversee TikTok’s U.S. version, aiming to avert a potential ban. This move is part of broader efforts to address national security concerns regarding the Chinese app.
The decision follows heightened tensions between the United States and China over data security and foreign influence. The proposed agreement would involve a U.S. company taking ownership of TikTok’s operations in the United States, with oversight by American investors to ensure compliance with U.S. laws and regulations.
Details of the arrangement have not been fully disclosed, but the plan is expected to include measures to protect user data and prevent potential misuse of information by foreign entities. The deal is seen as a compromise to avoid a complete ban on TikTok in the U.S., which had been a possibility under previous administrations.