Overview

• Trump’s executive order outlines a U.S.-based joint venture with majority American ownership, a new board, and ByteDance capped below a 20% stake.
• The White House places the U.S. TikTok entity’s value at about $14 billion, naming Oracle, Silver Lake, Michael Dell and Rupert Murdoch among participants, with a full investor list yet to be disclosed.
• Multiple reports say the venture would license ByteDance’s recommendation technology with ongoing payments that could include a share of revenue and profits, prompting compliance questions under the divest-or-ban law.
• Enforcement of the 2024 statute is deferred until December 16, 2025 as parties finalize terms, while lawmakers and legal experts scrutinize the structure and the administration’s repeated deadline extensions.
• Oracle is set for an expanded security role overseeing U.S. data and algorithm monitoring with plans to retrain models on U.S.-approved data, as TikTok employees report uncertainty about jobs, equity and the post-sale structure.