Overview

• The White House says Americans would hold a majority stake in TikTok’s U.S. operations, occupy six of seven board seats, and control the recommendation algorithm.
• Oracle is designated to oversee U.S. data and security for the platform, according to press secretary Karoline Leavitt.
• President Trump said Lachlan and Rupert Murdoch, Larry Ellison and Michael Dell are likely participants in the U.S. investor group, with reporting indicating Fox Corp. could be the vehicle for any Murdoch involvement.
• Public accounts of progress diverge, with Washington describing a framework ready to sign and Beijing offering no confirmation in its readout of Trump’s call with Xi Jinping.
• Key commercial terms remain undisclosed as a 2024 law requiring ByteDance to divest, upheld by the Supreme Court, is paused by extensions through Dec. 16 affecting an app used by about 170 million Americans.