Overview

• President Trump is expected to sign a deal Thursday that moves TikTok’s U.S. operations into a U.S.-based joint venture with majority ownership by American investors, according to a White House official quoted by the New York Post.
• Oracle would continue as data and security provider and run the recommendation algorithm, with U.S. user data kept out of China’s reach, as confirmed by the White House and reflected in the reported framework.
• The reported structure would give Oracle and Silver Lake a combined 80% stake and reduce ByteDance to under 20%, with the algorithm copied by ByteDance and leased to the new U.S. entity, per the Wall Street Journal and the New York Post.
• The new company would have a seven-member board with ByteDance allowed to nominate one director, aligning with earlier White House guidance that six of seven seats be held by Americans.
• The investor lineup remains fluid as Trump has floated Rupert and Lachlan Murdoch, Larry Ellison, and Michael Dell, critics have decried the process as cronyism, and the path to closure still runs through regulatory reviews and a December 16 deadline.