The United States will have control over TikTok's algorithm in the acquisition of the social media platform's US operations, White House press secretary Karoline Leavitt said.

"We are 100 per cent confident that a deal is done. Now that deal just needs to be signed, and the president's team is working with their Chinese counterparts to do just that," Leavitt said on Fox News.

She added that the deal would likely be signed "in the coming days," adding that data and privacy for the app in the United States would be led by tech giant Oracle.

For a brief period last week Oracle's founder and chief technology officer, Larry Ellison, became the world's richest man after leapfrogging Elon Musk. 

Leavitt said Americans would hold six of the seven TikTok board seats.

Leavitt's comments

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