Overview

• The White House says the president will sign an executive order Thursday to confirm the deal complies with the divest-or-ban statute and to extend the enforcement pause by 120 days.
• TikTok’s U.S. operations would shift into a new American joint venture with roughly 80% owned by U.S. investors and ByteDance holding under 20%.
• Oracle is slated to host and secure U.S. user data, review source code, and oversee the recommendation system’s retraining to run on U.S. data with continuous monitoring.
• The plan calls for copying or licensing TikTok’s algorithm for the U.S. entity and retraining it, with a seven-member board featuring six Americans and a ByteDance nominee excluded from the security committee.
• Final approval still depends on Chinese consent and congressional review; investors reported include Oracle and Silver Lake, and the president has said Larry Ellison, Michael Dell and the Murdochs could participate.