Overview

• White House officials say the president is expected to sign an executive order Thursday deeming the proposal compliant with the 2024 law and extending the enforcement pause by 120 days.
• TikTok’s U.S. operations would move into a joint venture majority-owned by American investors, with ByteDance holding under 20% and only one of seven board seats reserved for its nominee.
• Oracle would host U.S. user data and supervise code and recommendations, and reports say the recommendation engine would be copied and licensed to the new entity and retrained under U.S. oversight.
• Trump has publicly named Larry Ellison, Michael Dell, and Rupert and Lachlan Murdoch as potential participants, and reporting has pointed to Silver Lake, though the investor roster has not been finalized.
• Final terms still require coordination with China ahead of a Dec. 16 target date, and critics including Susan Rice have denounced the arrangement as cronyist and a consolidation of media influence.