It will almost certainly be a high-level agreement that I believe will satisfy our national security considerations, which will allow for a distinct American Tiktok company, says Vance in an interview with NBC News.
After a long series of twists, the US Supreme Court approved the proposal to ban Tiktok in the country in January due to security concerns surrounding the platform's ties to China.
No details about buyers
A deadline also expired for Bytedance to sell at least parts of the platform to US owners – and the app was shut down for approximately 170 million American users.
But on the same day, Donald Trump signed a presidential order giving Bytedance an additional 75 days – and the shut-down app was turned back on.
Trump also gave JD Vance and national security adviser Michael Waltz an order to help mediate the deal.
The Vice President now does not want to give any details about the negotiations or potential buyers.
Can be postponed
There are indeed bureaucratic hurdles that can cause the deal to be further postponed, he says – but the hope is that it will not be necessary.
We would like to get it done without an extension, says Vance.
He points out that a deal requires extensive documentation of how the co-ownership will handle, among other things, shareholders, investors, customers, and service providers.
The deal itself will be very clear, but actually creating those thousands and thousands of pages of legal documents – that's the only thing I'm worried about that could postpone the whole thing, says Vance.
