Overview

• Trump said the U.S. and China have advanced talks to shift TikTok’s American assets to U.S. owners, though no agreement has been signed.
• Oracle would oversee TikTok’s U.S. data security and privacy under the proposed arrangement, according to the administration.
• Fox Corp. is in talks to join the investor group, with any Murdoch participation expected through the company rather than personal investments, multiple reports indicate.
• A White House official and news reports say ByteDance would keep less than 20% of the new U.S. venture that runs TikTok domestically.
• The deadline to enforce the divest‑or‑ban law now runs to Dec. 16 as negotiators work through legal, governance and technical details following Trump’s call with Xi Jinping.