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Washington DC – The deal that will see TiktokChinese parent company sells its American operations includes the creation of a board dominated by Americans, says White House Saturday.
President Donald Trump said “very significant people” would sit on the US dominated board of Tiktok’s proposed new board. © Antonin UTZ and Seth Little / Various Sources / AFP
“There will be seven seats on the board that control the app in the United States, and six of these places will be Americans,” White House’s press secretary Karoline Leavitt told Fox News.
She said that a deal could be signed “in the coming days.”
The following administrations have strongly tried to take Tiktok’s US operations out of the hands of the Chinese parent company Byteanance for adopted national security reasons.
Under President Donald Trump’s predecessor Joe Biden, Congress adopted a law to force away to sell its American operations or meet a ban on the app.
After warming to the app because of his role in securing him in 2024, Trump has repeatedly delayed the implementation of the prohibition While efforts are made to beat a deal.
Investors reportedly taking over the app include Oracle, the technical company owned by right-wing billionist Larry Ellison, a great Trump supporter.
Leavitt seemed to confirm Oracle’s participation.
“The data and integrity will be led by one of America’s largest technology companies, Oracle, and the algorithm will also be controlled by America as well,” she told Fox News. “So all these details have already been agreed. Now we just need this deal to be signed.”
Oracle CEO Larry Ellison is part of the group of billionaires involved in the takeover of Tiktok’s US operations. © Anna Moneymaker / Getty Images North America / Getty Images via AFP
Trump, when asked about the deal later by reporters in the White House, said: “We have big American patriots who buy it. Very significant people.”
He refused to say who the seventh board member would be and said it would be announced at a later date.
The Tiktok business was discussed in a conversation between Trump and Chinese President Xi Jinping on Friday.
Trump said afterwards that XI had “approved” the deal During the phone call, but then said, “We must get it signed.”
China did not confirm any agreement.
“We will have a very, very narrow control,” Trump said Friday. “There is tremendous value with TikTok, and I’m a little prejudiced because I sincerely did so well on it.”
