United States and China have reached a framework agreement to make Tiktok separates from his Chinese parent company, bytedonce. This has confirmed, according to Reuters, the United States Secretary of the Treasury, Scott Besent during an appearance within the framework of commercial negotiations that both countries are maintaining in Madrid.
Besent has also commented that Trump will confirm the agreement through a call with the president of China, Xi Jinping, who will keep both next Friday. In addition, he pointed out that the framework of the agreement contemplates a change in property of the social network. which would be under the control of an American entity.
This agreement arrives after months of complicated negotiations between those responsible for Tiktok and the Trump administration, which has led to several postponements of the time that had been given to the company to leave the company in which it is, Bytedance, and passed American hands. The last postponement to reach an agreement will end this Wednesday, but it is likely to expand again, for the last time, so that the terms of the agreement are fulfilled.
In addition, Besent has confirmed that a complete agreement has not yet been reached, because China is making “very aggressive” requests. For now it is unknown what company, or consortium of companies, you can stay with Tiktok in the United States.
For several months, offers to Buy Tiktok in the United States, and in July several sources reported that Oracle and other investors, such as Andreessen Horowitz, would be willing to make an offer for Tiktok, in which their current parent company, Bytedance, would continue to maintain a minority part of shares.
Tiktok is, yes, working in a new version of the app With a Algorithm trained only with data from US userswhich will be specific to the country, and it is likely to be part of the agreement reached today.
