Overview

• President Donald Trump signed an executive order endorsing a U.S.-based joint venture to run TikTok’s American operations, with ByteDance limited to under a 20% stake and investors including Oracle, Silver Lake and MGX.
• Vice President J.D. Vance said he is very confident the U.S. has separated the app from ByteDance and can safeguard user data and the algorithm, describing a valuation of roughly $14 billion and majority American ownership.
• ByteDance has not publicly confirmed the transaction, and reporting says China has not indicated legal changes or approvals that would be needed for the deal to proceed.
• Multiple outlets report the plan may license ByteDance’s algorithm to the U.S. entity with Oracle retraining it, and that ByteDance could retain influence over advertising and e-commerce plus receive around 50% of revenue, despite "no operational relationship" language.
• Analysts frame the arrangement as a pragmatic U.S.–China compromise with major enforcement questions, while critics highlight potential cronyism and raise doubts about compliance with Congress’s 2024 divest-or-ban law.