Trump Rejects TikTok Ownership in $40 billion US Deal Plan

- Trump declines ownership stake in TikTok’s U.S. operations, paving way for joint venture. - Deal caps ByteDance ownership at under 20% and mandates American oversight. On September 22, 2025, the White House confirmed President Donald Trump will not pursue an ownership stake in TikTok’s restructured U.S. operations. This decision paves the way for a joint venture under American oversight, following months of negotiations to address national security concerns related to the platform’s American presence. On September 22, Cryptopolitan reported that TikTok’s restructured U.S. entity will operate as a joint venture headquartered in the United States, with a majority of its board members being American citizens. As part of the agreements, Oracle will oversee and review TikTok's algorithm to mitigate risks of data misuse or foreign influence. The deal caps the ownership share for ByteDance, TikTok’s Chinese parent company, at less than 20% in the new U.S.-based entity. This measure aligns with a law Congress passed this year to curtail foreign control over digital platforms that collect extensive user data. The White House also confirmed President Trump supports the deal's terms and has extended the finalization deadline to December 16, 2025. While still subject to antitrust reviews, the final valuation of TikTok’s U.S. operations is estimated to range between $35 billion and $40 billion.