U.S. and Chinese officials announced an ownership agreement for TikTok, ending a months‑long debate over a potential ban. The deal, confirmed during a trade meeting in Madrid, pushes back the deadline that was set for September 17 for TikTok to divest or face prohibition. President Donald Trump is slated to meet Chinese President Xi Jinping on September 19 to discuss the agreement, while reports suggest Oracle could play a role in the transaction. The resolution aims to address national‑security concerns while preserving access for the platform’s 170 million U.S. users.
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