Odaily Planet Daily reported on April 3, according to the Financial Times, that the White House is nearing approval for a deal to separate TikTok's U.S. operations from ByteDance. Sources indicate that a group of new external investors, including a16z, Blackstone Group, and Silver Lake Partners, is expected to jointly hold about 50% of TikTok's U.S. business. Existing investors General Atlantic, Susquehanna, KKR, and Coatue will continue to hold about 30% of the shares.
According to the terms of the deal, TikTok's parent company, ByteDance, will retain less than 20% of the shares to comply with U.S. legislation regarding "foreign adversaries" not holding a controlling stake. The deal aims to meet U.S. regulatory requirements for the non-Chinese control of TikTok, avoiding a ban in the U.S. after April 5.
It is reported that the deal is still in its early stages, with due diligence, restructuring, and financing arrangements to take place in the coming months. White House officials plan to hold a meeting on Wednesday to discuss the matter, and if President Trump approves, the deal could be announced soon. However, sources also caution that the situation remains unstable, and the White House may still adjust its position.

Odaily Planet Daily reports that, according to the Financial Times on April 3, the White House is close to approving a deal that would separate TikTok's U.S. operations from ByteDance. Sources indicate that a group of new external investors, including a16z, Blackstone Group, and Silver Lake Partners, is expected to collectively hold approximately 50% of TikTok's U.S. business. Existing investors General Atlantic, Susquehanna, KKR, and Coatue will continue to hold about 30% of the shares.

Under the terms of the deal, TikTok's parent company ByteDance will retain less than 20% of the shares to meet U.S. legislative requirements that prevent "foreign adversaries" from holding controlling stakes. The transaction aims to comply with U.S. regulations regarding the non-China control of TikTok, avoiding a ban that could take effect after April 5.

It is reported that the deal is still in the early stages, with due diligence, structural adjustments, and financing arrangements to be conducted in the coming months. White House officials plan to hold a meeting on Wednesday to discuss the matter, and if President Trump approves, the deal is expected to be announced soon. However, sources also caution that the situation remains unstable, and the White House may still change its position.

The White House is nearing approval for the TikTok US deal, with a16z and Blackstone planning to invest and hold nearly half of the shares.