Overview

• President Donald Trump declared the negotiated divestiture framework a qualifying sale under the 2024 law, keeping TikTok operating in the U.S. while the deal is finalized.
• ByteDance would retain under 20% of a new U.S. entity, with majority control shifting to non‑Chinese investors.
• Oracle, Silver Lake and MGX are cited as lead backers, with Oracle tasked to host U.S. user data and review code as TikTok’s recommendation algorithm is copied and retrained in the U.S.
• The pause on enforcing the divest‑or‑ban law was extended about 120 days, with the transaction still requiring detailed agreements and approvals in both the U.S. and China.
• Vice President J.D. Vance said the U.S. TikTok entity is valued at about $14 billion, Trump said Xi Jinping signaled approval, and ByteDance did not attend the signing or publicly confirm the deal.