Trump signs decree to extend for 90 days Tiktok sales term

In a statement, Tiktok thanked “the leadership and support of President Trump”, which made it possible for the platform to “continue to be available to over 170 million American users and more than 7.5 million companies from the United States.”

White House Secretary Karoline Leavitt had already nominated on Tuesday that Trump would sign a new decree because “he doesn’t want Tiktok to disappear.”

“It’s extremely popular,” he said on Thursday, and commented that Trump’s decision aims to “protect the data and privacy of Americans.”

According to several American media, a protocol was found in early April that predicted the separation of the bytedance group’s Tiktok US, with a capital restructuring.

Non -Chinese investor stakes would go from 60% to 80%, and Bytedance would maintain the 20% it currently has.

The Oracle technology group, which already hosts Tiktok US data on its US servers, would take over, accompanied by active Blackstone manager or businessman Michael Dell.