Trump expected to sign a TikTok deal Thursday

President Donald Trump is expected to sign a deal Thursday to facilitate the sale of TikTok from a Chinese-based company to a group of American investors, two senior White House officials told NBC News.

Members of the Trump administration have signaled for days that a deal was being finalized between Chinese and U.S. officials.

A senior White House official confirmed to NBC News on Wednesday that once the deal was implemented, TikTok’s U.S. operations would be run by a new joint-venture company. ByteDance, TikTok’s current China-based owner, will hold less than 20% of the stock of the new company, the official said.

Read more at NBC News