Overview

• President Trump signed an executive order granting a three‑month extension to the divest‑or‑ban deadline, moving it to December 16, 2025.
• Officials said a framework would transfer control of TikTok’s U.S. operations to an American‑led buyer group, with the commercial terms agreed but undisclosed.
• Reporting points to a consortium holding roughly 80%—including Oracle, Andreessen Horowitz, and Silver Lake—with Chinese shareholders retaining a minority stake.
• Negotiators said the arrangement pertains only to the U.S. market, while details on governance and the algorithm remain to be finalized after the leaders’ call.
• Beijing described the framework as serving mutual interests while asserting it will protect national and corporate rights, following talks held in Madrid.