TikTok CEO Gives New Proposal to Donald Trump, Here’s What It Contains

Jakarta, CNBC Indonesia –Donald Trump took a drastic step when he was officially inaugurated as President of the United States (US), namely lifting the block on TikTok which was scheduled for January 19, 2025.

Trump extended negotiations between the company under the auspices of China’s ByteDance and the US government until April 5, 2025. During the discussion, Trump pushed for TikTok’s ownership in the US to be divided 50% to US investors.

Several companies have expressed interest in holding TikTok’s operations in the US. According to inside sources, Oracle, Amazon, and Microsoft are some of the names that are interested.

Meanwhile, TikTok and its supporters are pushing for another solution. Quoted from The Wall Street Journal, Monday (10/2/2025), last week TikTok CEO Shou Chew met with senior White House officials and submitted a new proposal.

The proposal contains a push to form a joint venture with US investors. The joint venture will be headquartered in the US and oversee data security, according to sources familiar with the proposal.

The management will be entirely based in the US. While the majority of the board of directors will consist of Americans. Whether the investors in question include the US government is still a big question.

Earlier last week, Trump ordered the establishment of a sovereign-wealth fund (SWF). He said the investment fund could be used to buy TikTok.

Trump also sent US Vice President JD Vance to oversee negotiations with TikTok. The reason is, Vance has a background in venture capital and Silicon Valley that can facilitate a deal with TikTok and ByteDance.

“There is now a process that must be followed up and will ensure the final result, while maintaining TikTok’s operations,” said a TikTok spokesperson.

SOURCE : CNBC INDONESIA