The US and China have reached a framework agreement to spin off TikTok to American investors, with final confirmation expected during a call between Presidents Trump and Xi on Friday. The deal includes licensing TikTok’s key recommendation algorithm and other IP, ensuring the US version remains functional. The September 17 deadline will likely be extended to allow Congress to approve the deal. Ownership details are still unclear, but the US app is expected to stay connected with TikTok’s global platform for shared content.
Source: 9to5Mac
