The White House on Monday announced basic details of a plan it says will "save" TikTok for the social media app's 170 million U.S. users through a new ownership deal, although China has suggested a deal has yet to be finalized.

The structure would move TikTok U.S. operations into a new "joint venture" based in the U.S., with a majority of U.S. investors and owners and a majority of Americans on its board of directors, a senior White House official told reporters on the condition of anonymity. Software maker Oracle would serve as the security provider for U.S. operations, the senior White House official said, providing "top to bottom" security, including configuring content recommendations. The structure brings the algorithm "under control of the U.S. joint venture," the offici

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