Overview

• TikTok’s U.S. operations would move into a new joint venture majority-owned by American investors, with ByteDance retaining under 20% and a majority‑American board.
• Oracle would host U.S. user data and inspect, retrain and continuously monitor the recommendation algorithm under the venture’s control.
• The president is expected to issue an executive order this week pausing enforcement for 120 days to allow the transaction to close.
• Silver Lake and Oracle are named investors, while Trump has said Michael Dell and Rupert and Lachlan Murdoch are likely participants and Fox Corp is in talks, according to reports.
• U.S. officials say China has signaled approval after a Trump–Xi call, but formal confirmation and antitrust and other regulatory reviews are still required.