Overview

• An executive order deems a proposed transfer of TikTok’s U.S. operations to a new American-led joint venture a qualified divestiture under the 2024 law.
• ByteDance is set to hold under 20% of the new entity, which will have a seven-member board with six American seats and no Chinese access to U.S. user data, according to White House officials.
• Oracle will oversee U.S. data security and play a lead role supervising and retraining a licensed copy of the recommendation algorithm, a key point of ongoing congressional scrutiny.
• Vice President J.D. Vance said the U.S. business is valued at about $14 billion, with Oracle, Silver Lake and Abu Dhabi-based MGX reported as principal investors holding roughly 45% collectively.
• The order pauses enforcement for roughly 120 days to allow closing and regulatory steps, with Chinese and ByteDance approvals still required and Trump’s claim of Xi’s approval not independently confirmed in all reports.