Exclusive | Trump -backed deal to save Tiktok movements closer to the ending line before stopping on April 5: Resources

The long -awaited deal to save Tiktok from stopping from US app stores is going to the end, money has been learned.

A group of investors working with Vice President JD Vance has the contours of an agreement to save the popular app with short videos from extinction, sources close to the situation said.

Vance is the white -house man of Trump to escape Tikting from a ban that by law is decided to take effect on April 5 if the app does not die of Chinese ownership of concerns that the ruling communist party uses the platform to spy on US citizens.

The agreement for the agreement is also likely to include a grace period of one type – 30 days or perhaps longer – the team to iron details, the source said.

According to the scenario now discussing, Oracle technology giant would recognize the app in its cloud, while the Chinese Tiktok bydance would take a minority position in a new company owned by the majority, people with direct knowledge of the deal said.

Large US -based institutions that already have a part of ownership in Bytedance, clothing like the Atlantic and Susquehanna, will form most of the ownership team, an action created to address the provisions of American control in law, sources added.

“We feel good we can do this by doing next week,” said one person with direct negotiation knowledge.

A press for Vance had no comment. A Tiktok spokesman had no comment.

People near the deal speak warn that the transaction has not been completed and may be significantly sharp or changed. That being said, a major obstacle has already been overcome: Tom Cotton, the powerful GOP senator from Arkansas, and a proposal of a ticking ban, is telling people that he will stay at least for the future immediately and allow the White House to develop an agreement with knowledge of the issue to tell about money.

The way the law on TIKTOK is written -signed by former President Biden and set up by the Supreme Court -, the company must remove any trace of Chinese control. But the President, in this case Donal Trump, has a discretion in determining whether any agreement meets those requirements.

Despite the progress, the new group of investors led by the US and Vance are accumulating with possible massive civil obligations that by legislation can be decided on investors if the courts rule that each bypass violates the provisions of the law to prevent the Chinese from controlling the company in any way. Algorithm all import.

Another unknown is the evaluation of the new company. Tiktok is a private company, but it is also extremely popular, with its application earning about 170 million users. Members of the deals team say the new company may be worth it from $ 20 billion to $ 40 billion or more.

However, it is difficult to evaluate given the controversy about the company and the allegations that it is used as a spying tool of the Chinese Communist government – a charge that Tiktok and Bytedance have long denied.

Another complicated issue is the current structure of the deal that includes the current algorithm made by the Chinese Tiktok, the technology that gives the app to its secret sauce to provide an endless supply of users’ videos for personal preferences, but critics say, the government to engage in espionage.

Some of the new Net capital investors have discussed a White House compensation for this obligation due to the existence of Chinese Algo and its possible legal consequences. Others say the new ownership team will eventually have to create their own algorithm to stay within the parameters of the law.

At the top of everything else, Vance and the new ownership group will need to buy from the Chinese government, which controls China Inc.

Tiktok’s emergence as one of the most popular social media platforms, mainly with the youth of America, has been wandering Silicon Valley, Wall Street and Washington for more than five years. Trump once sought to stop the app, but made an 180 after the last election and said he wanted to keep it.

Trump believes that during the 2024 presidential campaign, enough pro-trump video in the app that helped him win votes in the 18 to 24 crowd that prevails at its user base.