WASHINGTON, D.C. — The Trump administration is nearing a decision on a proposed plan that could change the ownership structure of TikTok in the United States.
Sources familiar with the discussions indicate that a final proposal will be reviewed by former President Donald Trump on Wednesday.
The proposal seeks to address national security concerns related to the app’s data privacy and its connection to China through its parent company, ByteDance.
TikTok, a widely popular app that allows users to create and share short-form video content, has become a focal point in the national security debate.
U.S. officials, including those from the Trump administration, have raised concerns about the potential risks of data security and privacy due to TikTok’s links to China.
The proposal to restructure the app’s U.S. ownership would address the administration’s demand to transfer control of TikTok’s American operations to a U.S.-based company.
Potential investors reportedly include major firms like Blackstone, a private equity firm, and Oracle, a technology company specializing in database software. Oracle had previously expressed interest in purchasing TikTok’s U.S. operations.
ByteDance has been negotiating to divest TikTok’s American operations as part of efforts to maintain the app’s presence in the U.S. market.
