Overview

• President Donald Trump signed a decree outlining a handover of TikTok’s U.S. operations to a group of wealthy allies, naming Larry Ellison, Michael Dell and Rupert Murdoch, with reports also citing Silver Lake Partners and Andreessen Horowitz.
• ByteDance would retain a stake of less than 20% in the American entity under the terms published by the White House.
• U.S. operations are to run on a copy of TikTok’s recommendation algorithm, a feature officials describe as central to the app’s success and to data-security assurances.
• The compliance deadline for the forced divestiture was extended to January 23, 2026, and officials said the goal is to keep the service operating for U.S. users during the transition.
• Vice-President JD Vance cited an approximate $14 billion valuation for the U.S. entity, while noting investors will decide, and Trump claimed Xi Jinping approved the deal even as Beijing has not publicly endorsed it.