Overview

• President Donald Trump approved a framework that would keep TikTok operating in the United States under a new structure with ByteDance holding under 20 percent.
• Vice President J.D. Vance said the U.S. business is valued at about $14 billion, noting investors will ultimately determine the final pricing.
• Oracle is designated to host U.S. user data and to receive, inspect and continuously monitor a copy of the U.S. recommendation algorithm, which will be retrained with U.S. data.
• The administration cites an investor group led by Oracle and Silver Lake, with Trump naming Larry Ellison, Michael Dell, Rupert Murdoch and Andreessen Horowitz; CNBC has reported Abu Dhabi’s MGX as part of the consortium.
• The decree is a nonbinding framework, Trump said Xi Jinping agreed in principle, and the White House acknowledged technical work, contracts and potential Chinese approvals still need to be resolved; a new extension grants more time to finalize the deal.