Written by Faith Mwende
A new proposal could keep TikTok running in the United States, with a consortium of American investors including Oracle, Andreessen Horowitz and Silver Lake set to take an 80 percent stake in a new US based company to operate the app domestically.
Chinese shareholders would retain a minority stake under the framework discussed this week in Madrid between US and Chinese negotiators.
The plan mirrors a deal first floated earlier this year, before President Donald Trump’s tariffs on China derailed talks. The revived agreement would establish a majority US board, with one member appointed by the Trump administration, to address national security concerns.
On Tuesday, Trump signed an executive order extending the TikTok ban deadline by three months, preventing the app from going dark while negotiations continue.
Treasury Secretary Scott Bessent said both Washington and Beijing are now committed to finalizing the deal, with Trump and Chinese President Xi Jinping expected to seal the agreement during a scheduled phone call later this week.
Officials caution the framework could still change, but a finalized deal would ensure TikTok’s long term operation in the United States under American led ownership.
