This is not the first time the Trump administration has claimed it has reached a deal with China to sell TikTok to US investors. However, this time, China backs the claims or at least to some extent.
According to Chinese sources, the two sides have reached a “basic framework consensus,” which includes licensing the very successful algorithm and other intellectual property rights.
If you read between the lines, that means the two sides haven’t actually talked specifics, and once again, the September 17 deadline will likely be revised, so that all parties involved will finalize all details regarding the deal. Also, Congress will have to approve the deal.
Some people familiar with the matter say that a US version of the TikTok app has been in development for some time now in anticipation of the deal and will ensure that content generated by American users will reach the rest of the world and vice versa.
Unfortunately, we still don’t know which investors or companies will buy TikTok. Rumors emerged in March and April that Amazon and other companies are bidding to buy TikTok.
Source
