Overview
- The decree extends the divestiture deadline to January 23, 2026 and limits ByteDance’s stake in the U.S. entity to under 20%.
- Reported participants include Larry Ellison, Michael Dell and Murdoch family interests, with Silver Lake Partners and Andreessen Horowitz also said to be involved.
- Vice-President JD Vance estimated the new U.S. TikTok entity at about $14 billion, noting that investors will have the final say on terms.
- Trump said Xi Jinping approved the arrangement during a recent call, although Beijing has not confirmed the stance and state media emphasized opposition to unilateral restrictions.
- Critics warn of opaque terms and potential partisan influence over a major social platform, with Senator Claude Malhuret urging caution about secret clauses.