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Trump to sign TikTok deal giving US majority ownership | LiveNOW from FOX
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September 23, 2025
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9:52
11:12Now PlayingWe heard today that President Donald Trump is expected to approve a proposed deal that would ensure TikTok in the United States is majority-owned by American investors. According to one White House official, under the deal, U.S. operations will be run by a new joint-venture company. Glenn Gerstell formerly served as the general counsel of the National Security Agency and is joining LiveNOW’s Austin Westfall to discuss the future of TikTok.
The future of the social media app had been in doubt since legislation took effect in January that required its China-based parent company to divest or face a ban.
In a post on social media, President Trump said Chinese President Xi Jinping would come to the United States "at an appropriate time".
"It's all being worked out," Trump said when asked about the deal last week. "We're going to have very good control. These are American investors and they all love our country. They're all very well-known people, very famous people, actually, financially. And they'll have control of it."
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