House Committee Chair Demands Urgent White House Briefing on TikTok Deal Amidst U.S. Ownership Transfer
Rep. Moolenaar demands urgent White House briefing on TikTok deal, where U.S. investors secure 80% control, ensuring American ownership and data security amidst divestment.
Will Trump’s TikTok deal keep out China?
World News Group
Trump signs order allowing U.S. control of TikTok
World News Group
Trump signs TikTok deal
Semafor
Trump signs executive order keeping TikTok in US
Washington Examiner
Trump to Sign TikTok US Deal on Thursday
Epoch Times
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Overview
- President Trump signed executive orders, and the Supreme Court upheld a law, requiring ByteDance to divest TikTok due to national security and data privacy concerns.
- The proposed deal involves spinning off TikTok into a new U.S. joint venture, with American investors gaining an 80% controlling stake and full board control.
- ByteDance is expected to retain less than 20% ownership in the new venture, with its single board representative excluded from all security-related matters.
- The new U.S. entity will control the algorithm and host U.S. user data, with a strong emphasis on prohibiting ByteDance cooperation on the recommendation algorithm.
- Rep. John Moolenaar, House committee chair, urgently requested a White House briefing to ensure robust American control and data security measures are in place.
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Analysis
Center-leaning sources cover the TikTok deal neutrally, presenting a balanced array of perspectives from government officials, experts, and the Chinese government. They focus on reporting the facts of the agreement, the ongoing concerns, and the procedural hurdles, allowing readers to form their own conclusions without editorial bias or loaded language.
"Rep. John Moolenaar praised the proposed deal as "an important step” in transitioning ownership of the TikTok platform to American hands but emphasized that “divestment was not the law's only requirement.”"
ABC News"The chairman of a House committee that pushed for the law demanding TikTok be spun off from its Chinese owners has requested an urgent briefing from the White House, one day after Trump signed an executive order supporting a proposed deal that would put the popular social video platform under U.S. ownership."
Associated Press"A number of investors are competing for the opportunity to purchase the app, and after Trump extended the TikTok ban deadline for the fourth time, it seems that progress has been made."
TechCrunch"With an American user base of 170 million—half the population—Trump's initial impulse to untether the app from its Chinese owners always seemed reasonable enough to me."
Reason"Despite Trump’s repeated insistence that everything is done, it seems like there are quite a few more hurdles before this one crosses the finish line."
Gizmodo"The agreement keeps the popular app alive in the US more than a year after lawmakers passed a bill that would ban TikTok unless Chinese owner ByteDance divests its US operations."
Semafor"This deal really does mean Americans can use TikTok but actually use it with more confidence than they had in the past because their data is secure and it won’t be used as a propaganda weapon like it has in the past."
TechCrunch"The deal that Trump approved on Thursday highlights a turnaround for the president, who tried to shut TikTok down during his first administration."
NPR"This deal really does mean Americans can use TikTok but actually use it with more confidence than they had in the past because their data is secure and it won't be used as a propaganda weapon like it has in the past."
ABC News"The agreement, which the Trump administration has worked on for months, would spin off Beijing-based TikTok's American operations to a new joint venture composed of majority American ownership."
USA TODAY"Trump has since changed his approach to TikTok, often citing its role in helping him reach young voters in the 2024 presidential election."
Chicago Tribune"The deal will allow for these American investors to control the app’s algorithm, Vance said."
NBC News"The executive order itself is a declaration by the president that the proposed deal meets the security concerns laid out in the law."
Associated Press"The structure of the new consortium gives each member an equal share, meaning Ellison would not be able to fold the U.S. TikTok entity into Paramount."
Deadline"The administration plans to engage "vigorously" with lawmakers "to show them what a great deal this is" for Americans while also making the app "safe and secure.""
CBS News"The deal would create a board to oversee TikTok with six seats reserved for American investors."
NBC NewsArticles (33)
Center (16)
FAQ
The U.S. government requires ByteDance to divest TikTok to address national security and data privacy concerns, fearing that user data could be accessed by the Chinese government.
The consortium of American investors includes Oracle, Silver Lake, and Andreessen Horowitz, who are expected to hold an 80% controlling stake in the new TikTok U.S. entity.
The new U.S. entity will control the recommendation algorithm and host U.S. user data, with strict measures to prohibit ByteDance's cooperation on algorithm matters and exclude its board representative from security-related issues.
Rep. John Moolenaar, House committee chair, has demanded an urgent briefing from the White House to ensure robust American control and secure data protection in the TikTok deal.
The proposed deal values TikTok's U.S. operations at approximately $14 billion, with some estimates projecting the valuation could rise to upwards of $60 billion.
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