Overview
- White House officials said Oracle will host U.S. user data and will inspect, retrain and operate a U.S. copy of TikTok’s recommendation algorithm.
- A new U.S.-based operator is planned with six of seven board seats held by Americans, with ByteDance reported to retain a stake of under 20%.
- President Donald Trump said Rupert and Lachlan Murdoch, Larry Ellison and Michael Dell could be part of the investor group taking control of U.S. operations.
- Beijing has not publicly confirmed approval of the arrangement, with Chinese state media offering cautious or no confirmation of a green light.
- Officials said negotiations continue under a divest-or-ban law, with sources citing a December 16 target to finalize terms and reports indicating a U.S.-only app version and a months-long user migration may be required.