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Trump Signs Order Setting U.S. Takeover Framework for TikTok

The plan moves TikTok’s U.S. operations into a U.S.-controlled company with Oracle in charge of data security, pending Beijing’s approval.

Overview

  • The executive order authorizes a 120‑day non‑enforcement extension to complete the transfer, moving the deadline to January 23, 2026.
  • ByteDance would hold less than 20% of the new U.S. entity, with a U.S. investor majority and a board structured to give Americans six of seven seats.
  • Oracle is designated as the trusted security partner to store U.S. user data on domestic cloud infrastructure and independently oversee protections.
  • The framework envisions a licensed copy of TikTok’s recommendation algorithm under U.S. control, re‑trained solely on American user data.
  • Vice President J.D. Vance put the new company’s valuation at about $14 billion, and the White House named prospective investors including Larry Ellison’s Oracle, Michael Dell and Rupert and Lachlan Murdoch, while ByteDance representatives did not attend the signing.