"Zoom in: The current plan would be for ByteDance to create a duplicate copy of the TikTok algorithm, which then would be leased to a new joint venture controlled by a U.S. investor group led by Andreessen Horowitz, Silver Lake, and Oracle. Oracle then would retrain the algorithm and protect U.S. user data. U.S. users wouldn't need to re-download the app, which would continue to work with TikTok outside the country."
"Between the lines: Some in Congress may object to the lease, given that the legislative language prohibited "cooperation with respect to the operation of a content recommendation algorithm." Expect critics to focus on "cooperation" while proponents focus on "operation of." The intrigue: Several existing ByteDance investors remain in the dark, and even some sources close to the deal are unsure about all the specifics."
"The United States government would not have a board seat or equity stake in TikTok U.S., although both were discussed at one point. The new board would make final determinations on TikTok U.S. management, and would consist of new investors, existing ByteDance investors, and one ByteDance representative. Trump said in a Fox News interview aired Sunday that the investor group is expected to include Michael Dell, Lachlan Murdoch and Rupert Murdoch."
A pure sale would prevent ByteDance from continuing TikTok operations outside the United States. President Trump is expected to sign an executive order approving the proposed deal and extended an enforcement pause by 120 days. ByteDance will create a duplicate of the TikTok recommendation algorithm to be leased to a U.S.-controlled joint venture led by Andreessen Horowitz, Silver Lake, and Oracle. Oracle will retrain the algorithm and safeguard U.S. user data. U.S. users will not need to re-download the app. The Chinese government approved the terms in Madrid. Some members of Congress may object to the lease over 'cooperation' language. The United States government will not hold a board seat or equity stake in TikTok U.S.
Read at Axios
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