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 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 man of the White House of Trump in rescuing Tiktok from a ban that by law is decided to take effect on April 5 if the application does not leave its Chinese ownership of concerns that the ruling communist party uses the platform to spy on US citizens.

The notification of 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 being discussed, Oracle technology giant would defend the app in his cloud, while the Chinese Tiktok bydance-parent would take a minority position in a new US-owned company, people with direct knowledge knowledge 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 next week,” said one person with direct negotiation knowledge.

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

People near the deal speak warns that the transaction has not been completed and can be significantly destroyed or changed. That being said, a major obstacle has already been overcome: Tom Cotton, the powerful GOP senator from Arkansas and a supporter of a ticking detention, is telling people that he will stay down at least for the near future and allow the White House to develop an agreement structure that complies with the legislation of long -standing.

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

Despite the progress, the new group of investors led by the US and Vance are accumulating with potential 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, including through its algorithm.

Another unknown is the evaluation of the new company. Tiktok is a private company, but it is also extremely popular, with its US app that earns 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 appreciate given the controversy about the company and 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’ video preferences, but critics say is also the tool used by the Chinese 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, sufficient pro-trump videos appeared in the app that helped him win votes in the 18 to 24 crowd that prevails at its user base.