TikTok faces a crucial deadline as the White House expects a framework for new U.S. ownership to be in place by April 5. This development follows President Biden's law requiring ByteDance to divest from TikTok or face a U.S. ban, which briefly took effect on January 19 before receiving a 75-day extension from President Trump.

JD Vance, tasked alongside National Security Adviser Michael Waltz to oversee the sale, confirmed that four different groups are competing to take over TikTok's U.S. operations. Vance expressed confidence that a high-level agreement addressing national security concerns will emerge, creating a distinct American TikTok enterprise.

White House sources indicate ongoing discussions with Oracle regarding oversight of TikTok's U.S. data operations. The proposed arrangement would maintain ByteDance's algorithm, raising questions about potential security vulnerabilities and continued Chinese access to U.S. user data.

Key developments in the TikTok deal:

• Framework expected by April 5, though additional work may be needed
• Oracle discussions focus on U.S. data oversight
• ByteDance algorithm likely to remain in place
• Billionaire Frank McCourt and Reddit Co-Founder Alexis Ohanian join bidding efforts

Neither TikTok nor ByteDance have commented on these developments. The final agreement must balance national security concerns with maintaining TikTok's operational effectiveness in the U.S. market.

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