According to a White House official, TikTok’s US assets are set to be primarily owned by US investors and managed by a security-focused board.
US President Donald Trump is expected to approve a deal for TikTok through an executive order, declaring that it satisfies the requirements of law later this week, the Wall Street Journal reported on Monday, citing a senior White House official.
This would cap months of US-China deliberations that underscored wider trade talks and solidify the timeline for a much-awaited deal to keep the popular short video app running in the US
Trump has said that the United States and China have made progress on a deal requiring TikTok’s American assets to be transferred to US owners from China’s ByteDance.
