Overview

• White House spokeswoman Karoline Leavitt said the U.S. unit will be majority owned by American investors and that Oracle will oversee data and privacy.
• Media reports describe a buyer group led by Oracle with Silver Lake and Andreessen Horowitz taking about 80% of a new U.S. TikTok entity, with roughly 20% remaining with ByteDance.
• China’s official readout did not confirm an agreement and urged negotiations consistent with Chinese laws and market rules while pressing the U.S. to avoid unilateral trade measures.
• Unresolved details include the status of the recommendation algorithm, which may be licensed rather than transferred, though the White House says it will be controlled from the United States.
• Trump announced plans to meet Xi at the APEC summit in South Korea next month, as enforcement of a U.S. divest‑or‑ban law has been repeatedly extended and the app serves about 170 million U.S. users.