Overview

• Under the proposed structure, ByteDance would hold under 20% while U.S. investors take majority ownership of the TikTok US entity.
• Americans are expected to occupy six of seven seats on the platform’s U.S. supervisory board, with no U.S. government board seat.
• U.S. user data would be stored on U.S.-based cloud infrastructure managed by Oracle.
• The White House says it will not take an equity stake or a golden share in the new entity.
• President Trump named potential investors including Rupert and Lachlan Murdoch, Larry Ellison and Michael Dell, and China has acknowledged progress without issuing full public approval; separately, TikTok told Brazil’s president it intends to invest in data centers in Ceará.