President Trump Announces Approval of TikTok U.S. Deal
On September 19, 2025, President Donald Trump announced that the proposed deal to keep TikTok operational in the United States has received approval from Chinese President Xi Jinping. The arrangement involves a U.S.-based consortium of investors taking majority control of TikTok, with the Chinese parent company, ByteDance, pledging to maintain the app’s availability to American users through TikTok U.S.
Details about the specific terms of the deal were not disclosed at the time. The two governments had been working towards an agreement to preserve TikTok’s presence in the U.S. after a temporary ban was imposed in January over national security concerns. The ban faced multiple delays due to protests from consumers and content creators who relied on the platform.
Earlier this week, Trump indicated on his social media platform, Truth Social, that an agreement had been reached, promising an announcement shortly. A report from The Wall Street Journal confirmed that key investors—including Oracle, Silver Lake, and Andreessen Horowitz—would own 80% of the American TikTok entity, while Chinese shareholders would retain the remaining stake. The new entity’s board is expected to be predominantly American, with one member appointed by the U.S. government.
Trump expressed his optimism about the deal, stating on Truth Social: “The call was a very good one, we will be speaking again by phone, appreciate the TikTok approval,” after mentioning the approval was a key point of discussion.
In a statement on TikTok’s website, a ByteDance spokesperson thanked both President Xi Jinping and President Trump for their efforts in preserving the popular platform in the U.S., affirming that ByteDance will adhere to applicable laws to ensure TikTok remains accessible to American users through the new U.S.-based operation.
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