Sen. JD Vance and a group of investors are eyeing next week to announce a deal aimed at blocking the April 5 TikTok ban, sources tell Fox Business. The plan would give U.S. equity holders control, allow ByteDance a small stake, and keep the existing algorithm—despite legal concerns from some lawmakers and investors. Oracle is expected to manage data storage, while a grace period will give time to finalize the deal’s terms. GOP senators opposed to the structure are deferring to the White House for now.
SCOOP: @JDVance and investor group eying next week to announce @tiktok_us deal to prevent April 5 ban of popular app over espionage concerns; announcement likely to include a grace period to put finishing touches on deal designed to keep TikTok ban law from taking effect; GOP…
— Charles Gasparino (@CGasparino) March 26, 2025
