Trump Celebrates ‘Saving TikTok’ After Deal Finalized To Prevent US Ban
President Trump on Thursday announced that a finalized agreement will keep TikTok operating nationwide, ending months of uncertainty over the app’s status in the United States.
Under the terms of the arrangement, TikTok will be reorganized as a new joint venture based in the U.S., backed by American investors, removing the immediate risk of a nationwide shutdown of the popular video platform.
“I am so happy to have helped in saving TikTok!” Trump wrote on Truth Social.
“It will now be owned by a group of Great American Patriots and Investors, the Biggest in the World, and will be an important Voice,” the president continued. “Along with other factors, it was responsible for my doing so well with the Youth Vote in the 2024 Presidential Election.
“I only hope that long into the future I will be remembered by those who use and love TikTok.”
As part of the restructuring, TikTok’s China-based parent company, ByteDance, will keep a minority 19.9% ownership stake in the platform.
The investor group participating in the new venture includes Silver Lake, Oracle, and MGX.
Adam Presser, who previously served as TikTok’s head of operations and trust and safety, has been named chief executive officer of the newly formed U.S. entity.
“The majority American owned Joint Venture will operate under defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation, and software assurances for US users,” the company said in a statement released Thursday.
TikTok’s approximately 170 million American users will continue using the same app without interruption.
The deal follows legislation passed by Congress in 2024 and signed by former President Joe Biden, which required ByteDance to divest from TikTok or face a nationwide ban.
Lawmakers from both parties had raised alarms over TikTok’s recommendation algorithm and the potential for the Chinese Communist Party to access sensitive user information.
Those concerns escalated in January 2025, when TikTok temporarily went offline for several hours after ByteDance failed to meet the law’s deadline to secure a new American owner.
On the first day of his second term, Trump signed an executive order allowing TikTok to continue operating while his administration negotiated a sale and broader restructuring of the company.
As outlined in the agreement, Oracle will house U.S. user data on domestic servers, while TikTok’s algorithm will be licensed to the American entity and retrained under U.S. oversight.
Trump described the outcome as a positive ending for both the platform and its users.
“Thank you to Vice President JD Vance, and all of the others within my Administration, who helped bring this Deal to a very dramatic, final, and beautiful conclusion,” the president said.
“I would also like to thank President Xi, of China, for working with us and, ultimately, approving the Deal,” Trump added. “He could have gone the other way, but didn’t, and is appreciated for his decision.”
{Matzav.com}
