White House says TikTok ownership deal could be finalized in South Korea, ending months of uncertainty over the app’s fate in the U.S.

FortuneWednesday, October 29, 2025 at 5:43:15 PM
White House says TikTok ownership deal could be finalized in South Korea, ending months of uncertainty over the app’s fate in the U.S.
The White House has announced that a deal regarding TikTok's ownership could be finalized in South Korea, potentially resolving months of uncertainty about the app's future in the U.S. This development is significant as it indicates progress in negotiations between the Trump administration and China, which could allow TikTok to continue operating in the American market, alleviating concerns for its millions of users.
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