Overview

• Oracle is designated as security provider to store U.S. user data and inspect and retrain a duplicated ByteDance algorithm that would be operated by the new U.S. entity.
• A seven‑member board would govern TikTok U.S. with six American directors, while ByteDance’s stake would be kept below 20%.
• Trump plans a 120‑day enforcement pause to finalize documents and pursue regulatory and antitrust reviews before closing.
• White House officials cited Oracle and Silver Lake as investors, while Trump publicly named Larry Ellison, Michael Dell, and Lachlan Murdoch, with Rupert Murdoch described as probable.
• Deadline reported Fox Corp. is in talks to join the investor group, and officials emphasized that the framework remains unsigned pending Chinese signoff.