Overview

• Press secretary Karoline Leavitt said Americans would hold six of seven U.S. board seats, Oracle would run data and security, and the algorithm would be controlled by the United States.
• The preliminary structure reached in Madrid caps ByteDance’s U.S. stake at 20% with new investors including Oracle, Andreessen Horowitz and Silver Lake.
• Trump declared the agreement “approved” after speaking with Xi, while China’s readout endorsed market‑based talks without confirming any approval.
• The Wall Street Journal reported investors could pay a multibillion‑dollar fee to the U.S. government as part of the transaction, a novel detail that remains disputed.
• The Washington Post reported Trump refused to approve roughly $400 million in Taiwan military aid during negotiations, as the deadline to finalize a TikTok deal was extended to December 16 and another leader‑level meeting is eyed for the APEC summit.