"Ultimately, China gets to keep the TikTok algorithm, simply licensing the algorithm to the US instead of handing over the heart of TikTok's success. As Ars previously reported, that means the US could end up with a glitchier version of TikTok, with sources telling WSJ that TikTok engineers will be forced to "re-create a set of content-recommendation algorithms" for the US app if the deal goes through."
"The president claimed that the extension allows time to finalize a deal that sources told The Wall Street Journal would shift 80 percent ownership to "an investor consortium including Oracle, Silver Lake, and Andreessen Horowitz." Existing ByteDance investors will also join the consortium, including Susquehanna International, KKR, and General Atlantic, the WSJ reported."
"Under the current framework-which could change-TikTok's board would become "American-dominated," sources further confirmed, including "one member designated by the US government." Trump suggested the deal would be finalized within the next 30 to 45 days, CNBC reported."
President Trump extended the deadline to December 16 for ByteDance to divest TikTok ownership to address national-security concerns about Chinese access to U.S. user data and algorithm influence. Sources indicate an investor consortium including Oracle, Silver Lake, and Andreessen Horowitz would take roughly 80 percent ownership, with existing ByteDance investors participating. The proposed framework would create an American-dominated board with one member designated by the U.S. government and a timeline of 30–45 days to finalize. China would retain the algorithm and license it to the U.S., forcing engineers to recreate recommendation systems for a U.S.-only app. U.S. user content could remain accessible across global versions, and Congress may intervene on security grounds.
Read at Ars Technica
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