Here's what's happening right now with the US TikTok deal | TechCrunch

"TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data potentially being accessed by the Chinese government. As a result, U.S. users have often found themselves caught in the middle of this tension. Earlier this year, the app experienced a temporary outage in the U.S. that left millions of users in suspense before it was quickly restored."

"On Thursday, President Donald Trump signed an executive order that approves the sale of TikTok's U.S. operations to an American investor group. The deal would value TikTok US at about $14 billion, according to Vice President JD Vance. CFRA Research's senior vice president, Angelo Zino, previously estimated that, if a deal were to go through, the platform's U.S. business could have its valuation soar to upward of $60 billion."

"Recently, a "framework" deal was reportedly established between the U.S. and China, with new information revealed indicating that a consortium of investors, including Oracle, Silver Lake, and Andreessen Horowitz, may oversee TikTok's U.S. operations. These investors are expected to hold an 80% stake, and the remaining shares will belong to Chinese stakeholders. The new entity's board would predominantly consist of U.S. members, with one member appointed by the U.S. government."

TikTok is owned by ByteDance and has faced four years of U.S. concern over potential Chinese government access to user data. The app experienced a temporary U.S. outage, returned to the App Store and Google Play in February, and multiple investors have competed for its U.S. business. President Trump signed an executive order approving the sale of TikTok's U.S. operations to an American investor group, with Vice President JD Vance citing a $14 billion valuation and CFRA estimating a potential valuation above $60 billion. Reports indicate a framework deal with China would give a U.S. consortium — including Oracle, Silver Lake, and Andreessen Horowitz — an 80% stake, with remaining shares held by Chinese stakeholders and a predominantly U.S. board including one government-appointed member.

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