The United States and China have reached an agreement on the sale of the American segment of TikTok. What the media is writing
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- The United States and China have reached an agreement on the sale of the American segment of TikTok. What the media is writing
US President Donald Trump has announced that an agreement has been reached to sell the American segment of the TikTok video application. An 80 percent share of the Chinese company will be transferred to a group of investors and IT corporations. TikTok's algorithm will be licensed in the United States, but it remains unclear who will retain control over it. What the world's media say about the deal is in the Izvestia digest.
The Guardian: Trump announces agreement to sell TikTok in the United States
US President Donald Trump said his administration has reached an agreement with China to keep TikTok operating in the country, despite uncertainty about what form the final agreement will take. The Chinese side assumes that Beijing will retain control over the algorithm that provides video support in the application.
The Guardian Author quotes
"We have a deal on TikTok... We have a group of very large companies that want to buy it," Trump said on Tuesday, without going into details. It is reported that the deal, negotiated in Madrid between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, provides for the transfer of the social network of its American assets from Chinese ByteDance to new owners in the United States.
One of the main questions is the fate of TikTok's powerful algorithm, which has helped the app become one of the world's most popular sources of online entertainment. At a press conference in Madrid, Wang Jintao, deputy head of China's cybersecurity regulator, said the deal included "licensing of the algorithm and other intellectual property rights."
CNN: who will become the new owner of TikTok in the USA
The proposal to save TikTok from closure in the United States involves attracting investments from a number of American venture capital firms, private equity funds and technology corporations. The investors will jointly create a new American company that will manage the application in the country.
CNN
According to sources, Oracle, Andreessen Horowitz and Silver Lake are among the investors expected to own about 80% of TikTok shares, with the rest held by Chinese shareholders. The new consortium will be managed by a board of directors with a majority of U.S. representatives, including a member appointed by the Trump administration.
The sources warned that the agreement is still under discussion and may change before Trump and Chinese leader Xi Jinping have a phone conversation on September 19, during which the agreement is expected to be officially signed on TikTok. Although Trump has previously stated that he would seek to establish a joint venture with equal participation between ByteDance and the new American owner, the TikTok ban act signed by former President Joe Biden does not allow China to own a stake exceeding 20% in TikTok's American assets.
Bloomberg: What will Trump and Xi talk about besides TikTok
US President Donald Trump and Chinese President Xi Jinping will have something to discuss this week during their first conversation since June. Among the main topics of the talks are TikTok, Boeing airplanes, rare earths and Taiwan. The leaders intend to hold talks before a possible face-to-face summit at the Asia-Pacific Economic Cooperation meeting in South Korea at the end of October, which will mark the end of months of intense negotiations on duties, export restrictions and investments.
Bloomberg
Beijing has not publicly confirmed or commented on the call. The Ministry of Foreign Affairs on Tuesday said only that "the diplomacy of heads of state plays an indispensable strategic leading role" in relations between the world's largest economies.
Recently, Trump has been praising Xi Jinping as a strong leader whom he admires and may be copying his tactics. In an effort to conclude a large-scale deal, he waived secondary sanctions against China for purchases of Russian oil, while punishing India, abandoned the TikTok ban and began to speak more positively about the admission of Chinese students to American universities. Both countries have suspended the most extreme customs duties on each other.
Associated Press: What you need to know about TikTok and its algorithm
The central question in the story of TikTok's eventual closure was whether the popular social video platform would retain its algorithm, the secret ingredient behind its addictive video tape. The parties agreed to transfer responsibility for data processing and content security from the United States to the American owner. However, although China has agreed to use its algorithm by TikTok, which has been spun off from it, it is still unclear how this will be implemented.
Associated Press
In January, at a Supreme Court hearing, a lawyer for TikTok and its Chinese parent company ByteDance Ltd. told the judges how difficult it would be to conclude a deal that complies with the TikTok act, especially given that Chinese law restricts the sale of the proprietary algorithm that has made this social media platform incredibly successful.
U.S. officials have previously warned that the algorithm that determines what users see in the app is vulnerable to manipulation by Chinese authorities, who may use it to shape content on the platform in a way that makes it difficult to detect. TikTok has stated that the US has never provided evidence that China attempted to manipulate content on its American segment.
The Washington Post: How dangerous TikTok is for Americans
Imagine the following scenario. China decides to attack Taiwan and, fearing that the United States will come to the rescue, launches preemptive strikes against American facilities abroad. In the United States, Chinese operators carry out drone attacks from secret bases located on agricultural land acquired by China. While the government is considering options, 170 million American TikTok users are opening their feeds to thousands of bots disguised as people who issue anti-American propaganda, incite young students to fight their own government and spread disinformation.
The Washington Post
This scenario seemed plausible enough to Congress when it assessed TikTok's future. Lawmakers were alarmed when Osama bin Laden's "Letter to America" terrorist tirade spread in the annex after the Hamas terrorist attack on Israel on October 7, 2023. TikTok denies that it actively promotes political content, but the company only compounded congressional concerns about influence operations when its app successfully encouraged thousands of young Americans to lobby against a bill banning TikTok.
Other threats may be more subtle, though no less insidious. Internal documents and messages cited by the attorneys general in the lawsuit against TikTok allegedly show that the feeds of young users were filled with suggestions of suicidal thoughts, sexual content, drug use and violence. It was these concerns that led to the adoption of a law giving ByteDance a deadline for the sale of TikTok to an American company or the termination of the application in the United States.
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