Overview

• The executive order is expected to certify the proposed sale as compliant and extend the enforcement pause by about 120 days for approvals and paperwork.
• TikTok’s U.S. operations would move into a U.S.-based joint venture with majority American ownership, reducing ByteDance’s stake to under 20%.
• Oracle would continue to host U.S. user data and oversee privacy and security, with a retrained, U.S.-operated recommendation algorithm under continuous monitoring.
• The planned governance structure includes a seven-member board with six American directors, limiting ByteDance to one seat.
• Beijing has not given explicit approval despite U.S. claims of a framework consensus, and the investor lineup—reported to include Oracle, Silver Lake, Michael Dell and the Murdochs—has not been finalized.