Overview

• An executive order establishes terms for a sale that would keep TikTok operating in the U.S., valuing the American business near $14 billion and limiting ByteDance to under a 20% stake.
• Oracle, Silver Lake and Abu Dhabi’s MGX are negotiating stakes of roughly 15% each with potential board seats, as Trump cites participants including Larry Ellison, Michael Dell and Rupert Murdoch.
• U.S. investors would control a retrained recommendation algorithm built on American user data, with trusted security partners monitoring updates and Oracle continuing to store U.S. data.
• Trump says Xi Jinping approved the plan, yet Chinese authorities and ByteDance have not publicly confirmed consent, leaving export licensing and other political sign-offs unresolved.
• The order grants a 120-day extension to complete the transaction, and sources say ByteDance could still receive roughly half of TikTok U.S. profits via algorithm licensing plus its remaining equity.