In a recent announcement, White House Press Secretary Karoline Leavitt provided details about a potential deal regarding TikTok's U.S. operations. The agreement, which has been reached but not yet signed, would see TikTok restructured under majority American ownership, with Americans holding six of seven board seats. The app's algorithm will be controlled by U.S. entities. Leavitt indicated that the deal is anticipated to be finalized in the coming days. Notable new investors include Oracle, which will oversee the app's security, and Andreessen Horowitz, along with private equity firm Silver Lake Management. Current owner ByteDance is expected to retain less than 20% of the newly spun-off company. This development follows ongoing discussions about the app's future in the U.S. amid security concerns.