Both US and Chinese officials are stating that an agreement has been reached for an American TikTok spin-off to be sold to American investors.It’s not the first time the Trump administration has claimed that a deal has been agreed, but it is the first time that China is backing the claim, albeit in somewhat more muted terms … reports: China has said that the two sides have reached a “basic framework consensus.” Once again, the revised September 17 deadline looks set to be extended to allow the deal to be finalized.That will be necessary because Congress will still need to approve the deal.
The reports that the agreement includes licensing the all-important Chinese algorithm.Since this is where the value lies, acquiring the app without the recommendation algorithm would have been a nonsense.Unlike other apps where users choose what to watch, TikTok just shows an infinite scrolling feed of videos it thinks you will like, quickly learning your tastes.
It’s still not clear who will end up owning the US app.The claimed deal back in March that ultimately failed to materialize involved several different US companies holding different percentages of the equity.Highlighted accessories Official Apple Store on Amazon Apple 40W Dynamic Power Adapter for iPhone 17 Official Apple iPhone Air cases and bumpers iPhone Air MagSafe Battery Official iPhone 17 cases Official iPhone 17 Pro cases and Pro Max cases You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day.
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