Overview

• A new U.S.-based joint venture is set to control TikTok’s American operations with roughly 80% U.S. ownership, keeping ByteDance under a 20% stake and limiting its board role.
• Oracle will oversee U.S. user data on its cloud, license and retrain the recommendation algorithm with U.S. data, and provide continuous monitoring.
• Investors identified by the White House include Oracle cofounder Larry Ellison, Silver Lake, Rupert and Lachlan Murdoch, and Michael Dell.
• Vice President J.D. Vance said the U.S. entity is valued at about $14 billion.
• The transaction is not finalized, with Chinese approval and U.S. regulatory steps still pending, and the new enforcement deadline now runs to January 23.