President Trump Set to Sign TikTok Deal on Thursday

President Donald TRUMP is expected to sign the landmark TikTok deal on Thursday, marking the culmination of months of negotiations. The agreement transfers majority control of the app from China's ByteDance to a consortium of American investors, including Oracle, Silver Lake, and prominent figures like Larry Ellison and Michael Dell. Oracle will oversee data security, with U.S. user data stored domestically to address national security concerns.

The deal complies with a 2024 bipartisan law mandating the platform's sale to U.S. owners or face a ban. TikTok's U.S. operations will be managed by a new joint venture, with ByteDance retaining less than 20% ownership. The app's algorithm will be retrained to prevent foreign influence, ensuring continuity for its 170 million American users.