Overview

• U.S. investors would hold roughly 80% of the new joint venture, with ByteDance under 20% and limited to one board seat excluded from security matters.
• Oracle is designated as security and cloud provider, placing U.S. user data under its oversight and inspection of the code.
• A licensed copy of TikTok’s recommendation algorithm will be retrained solely on U.S. data and run by a seven-member, U.S.-majority board.
• Vice President JD Vance estimated the U.S. business at about $14 billion, with investors named by Trump including Larry Ellison, Michael Dell and Rupert Murdoch, plus Silver Lake and reports pointing to MGX.
• Enforcement of the 2024 divest-or-ban law is paused for 120 days to close the transaction, while ByteDance has not publicly confirmed and required U.S. and Chinese approvals are still outstanding.