The White House is close to agreeing to sell the American Tijook unit to investors

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The White House is close to supporting American investors to purchase American Tiktok operations, as it manufactures control of the famous video application of Chinese owners.

Under the terms of transaction, a group of new external investors Including Andrink HorwatzBlackstone, Silver Lake and other large private capital companies have about half of the American Tiktok business, according to several people who are aware of this issue. These people said that American unity would be woven from the parents residing in Beijing.

Current investors in TikhakWhich includes General Atlantic, Sosaihanna, KKR and Coature, will take the risks in the American arm that make up about 30 percent of the works.

The plans, which were still in the initial stages and could change according to those involved in this process, come before the deadline of an American law on April 5 that would prohibit the application in America unless its owner, who is based in Beijing, sells to non -Chinese entities.

People said that President Donald Trump officials will meet on Wednesday to discuss negotiations, and if the president gives his blessing, the deal may be announced smoothly.

A White House spokesman said.

Tiktok did not immediately respond to the suspension requests. Andrien Horwitz, Blackston and General Atlantic refused to comment, while the coat, Silver Lake and KKR did not respond immediately.

Any deal must be approved before TrumpIn addition to Bytedance and the Chinese government, which previously threatened to prevent any treatment but reduced its position. One person warned that the situation remained liquid and that the White House could still change his plans suddenly.

BYDANCE will retain a little less than 20 percent of business, according to the terms of the deal, in order to meet the requirements in the American legislation, which states that there is nothing more than the fifth in the control of a “foreign opponent”.

People added that the plans will continue to require months of additional procedures, structuring and other funding obligations of the Model Company for regular acquisitions, with the possibility that its structure or some of the stock supporters will either increase or reduce their proposed investments. One person said that the groups would have three to four months to complete the cross.

People said that Oracle, who participated in his founding by Trump Larry Ellison’s ally, would secure the American Titokko data as part of the deal.

However, the point of disagreement remains one who will control the very desirable Tijook algorithm, as many people said. One of the options under discussion is that bytedance will continue to develop and operate the algorithm, which was a major demand for the Chinese government, while the new American group will reach it through the licensing and control agreement on any changes, one of them said.

But some analysts have argued that the algorithm needed to operate it completely by the American entity in order to meet the requirements of the legislation.

Separately, the company Jeff Bezos from Amazon made an offer at eleven o’clock to buy the American Tiktok business, according to many people familiar with the issue and reported by the New York Times for the first time. However, the presentation of the current investors remained the candidates.

Participated in additional reports by George Hammond, Raf Odin in San Francisco and Harright Agyal