Overview

• The executive order deems the U.S.-led takeover plan compliant with the 2024 divest‑or‑ban law, allowing TikTok to keep operating during the transition.
• ByteDance is slated to hold under 20% of the new U.S. entity, and the federal government will take no equity, according to officials.
• Oracle will host U.S. user data, review TikTok’s code, and retrain a local copy of the recommendation algorithm on American data.
• Enforcement is paused for roughly 120 days, with reports citing a mid‑December target to finish legal, financial, and operational separation.
• Trump said Xi Jinping approved the framework, but ByteDance has not publicly confirmed and Beijing has not announced consent; Vice President J.D. Vance estimated the U.S. unit at about $14 billion and cited Oracle, Silver Lake, and MGX among investors.