President Trump confirms new agreement with China to keep TikTok operating in the U.S., transferring U.S. assets to a U.S.-owned entity with ByteDance retaining a minority stake. A group of big companies are prepared to buy TikTok’s U.S. assets. ByteDance to keep a 19.9% stake. Oracle, Walmart, and Microsoft are relevant companies in talks for TikTok U.S. deal. Technical separation of U.S. user data and app infrastructure nearly complete. TikTok U.S. may continue accessing ByteDance’s algorithm under licensing terms. Stay tuned for updates as the story develops.

Read more at Quiver Quantitative: U.S. and China Reach New TikTok Agreement, Terms Mirror Earlier Deal