China and the U.S. have finalized a deal regarding TikTok, following a bipartisan law enacted in 2024 that mandated ByteDance to divest from its American operations or face app store bans. The law, upheld by the Supreme Court, prohibited updates or new downloads after January 19, 2025, though President Trump has issued executive orders preventing penalties against tech companies hosting TikTok. TikTok’s U.S. operations will be managed by a consortium including Oracle and Silver Lake, with details on algorithm control yet to be revealed. The Chinese government’s next steps remain unclear, as they emphasize compliance with national laws regarding the deal.
