Overview

• The executive order validates a framework that keeps TikTok operating in the U.S. while complying with the 2024 statute requiring separation from ByteDance.
• Vice President J.D. Vance said the new U.S. TikTok entity is valued at about $14 billion.
• U.S. investors would hold majority control, ByteDance would retain less than 20%, and the federal government would take no equity; named participants include Oracle, Silver Lake/MGX, Michael Dell, and Rupert and Lachlan Murdoch.
• Oracle is positioned to oversee security and cloud services as the U.S. entity receives a licensed version of TikTok’s recommendation algorithm retrained on U.S. data.
• Trump said Xi Jinping gave a preliminary green light, but Chinese authorities and ByteDance have not formally confirmed or closed the transaction.