Overview

• President Trump’s September 25 executive order endorsed a U.S.-led restructuring of TikTok’s American business, but the framework remains unfinalized with key approvals and terms still undisclosed.
• Reports describe a new joint venture with a U.S.-dominated board that would lease and retrain TikTok’s recommendation algorithm, with Oracle serving as the trusted security provider overseeing data, code review, and model retraining on U.S. data.
• The White House’s reported $14 billion valuation has drawn criticism as too low, while ByteDance would keep a sub-20% stake and receive ongoing licensing and fee revenue.
• House China committee chair John Moolenaar says he will conduct full oversight and hold a hearing next year, warning the law restricts any algorithm cooperation or operational ties with ByteDance.
• People involved with the U.S. investor group say a lucrative IPO is unlikely in the near term due to legal and political liabilities, as experts also flag possible free speech concerns over government influence on recommendations.