Overview

• Officials say TikTok’s U.S. operations would move into a new joint venture with a seven-member board holding six American seats and ByteDance limited to under a 20% stake.
• The U.S. entity would control the recommendation algorithm, with Oracle inspecting, retraining, and monitoring it while managing data security.
• Trump is expected to issue an executive order this week pausing enforcement for 120 days as antitrust and other regulatory reviews proceed and final documents are drafted.
• The investor group is expected to include Oracle, Silver Lake, and Andreessen Horowitz, while Trump named Larry Ellison and Michael Dell and said Rupert and Lachlan Murdoch would likely join; Fox Corp is reported to be in talks.
• The agreement remains unsigned pending formal approvals after a Trump–Xi call signaled progress, and the White House says U.S. users would not need to download a new app if the deal closes.