President Trump on Friday announced that the TikTok deal, which would potentially see the video platform controlled by a consortium of U.S. investors, had been approved by President Xi of China. TikTok owner ByteDance also issued a public statement saying the company would work to ensure that TikTok “remains available to American users through TikTok U.S.”

No further details about the deal were offered at the time.

The two countries have been working on a way to save TikTok’s U.S. business, after the TikTok ban in January over national security concerns. That ban was put on hold multiple times by the Trump administration amid a consumer and creator backlash against the app’s removal.

This week, Trump hinted on his social media platform Truth Social that a deal had been reached a

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