Overview

• The American business will be governed by a U.S.-based joint venture and board with national security and cybersecurity authority, with ByteDance holding one board seat.
• Oracle is designated as security provider to independently monitor U.S. operations and manage a dedicated cloud for American user data.
• The White House cites 170 million U.S. users and frames the move as preserving access to the app while safeguarding data.
• Vice President J.D. Vance said the company would be worth about $14 billion after the restructuring.
• China has not publicly confirmed approval, and the buyer lineup and board seats remain in flux, with Oracle, Silver Lake, and Abu Dhabi’s MGX negotiating potential stakes.