Non-Chinese TikTok investors are emerging as frontrunners in acquiring U.S. operations - Reuters

Investing.com — Discussions regarding TikTok's future, led by the White House, are currently focused on a plan that may allow the short-video application to purchase its U.S. operations by increasing the stakes of ByteDance's largest non-Chinese investors. According to a report published by Reuters on Friday, the situation has become clearer.

The proposed plan involves creating a separate U.S. entity for TikTok and reducing the Chinese ownership in the new venture to below the 20% threshold defined by U.S. laws. This move could help the app avoid a potential ban in the U.S. Jeff Yass from Susquehanna International Group and Bill Ford from General Atlantic, both members of ByteDance's board, are leading discussions with the White House. The private equity firm KKR is also involved in these talks. According to the plan, software giant Oracle will continue to manage U.S. user data, ensuring it remains inaccessible from China.