TikTok’s future in the U.S. is on more solid ground. President Donald Trump and Chinese President Xi Jinping advanced a plan that is understood to hand control of the app’s American business to U.S. investors while shrinking Chinese parent company ByteDance’s ownership.

Investment bankers advising on a typical deal receive fees of less than 1% of the transaction value, and the percentage generally gets smaller as the deal size increases. TikTok’s U.S. operations could be worth many billions of dollars depending on the final outcome of the deal. Still, a fee in the billions of dollars would be unprecedented.

President Donald Trump formally extended the deadline to keep the social media app TikTok available in the United States until Dec. 16