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Axios
Axios
Technology

White House discloses more details of deal to save TikTok

TikTok White House ByteDance United States Donald Trump Oracle Lachlan Murdoch Michael Dell Rupert Murdoch Andreessen Horowitz

TikTok's new U.S. entity would lease its algorithm from Chinese owner ByteDance under the terms of a proposed deal between the U.S. and China, a senior White House official tells Axios.

Why it matters: There had been some talk that ByteDance would be required to sell the algorithm in order to satisfy a 2024 law that demands TikTok be controlled by Americans or face a ban.

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