Overview

• Officials outlined a preliminary deal moving TikTok’s U.S. business into a new joint venture majority-owned by American investors, with Oracle designated to oversee data protection and the recommendation algorithm.
• Under the plan, a duplicated version of TikTok’s algorithm would be licensed to the U.S. entity, then retrained and continuously monitored on U.S. user data.
• ByteDance would retain less than 20% ownership, and a seven-member board controlling U.S. operations would be American-majority, with six seats held by U.S. citizens, according to White House briefings.
• The U.S. government will not take equity or a board seat, and named investors include Oracle and Silver Lake, with President Trump saying Larry Ellison, Michael Dell and the Murdochs are likely participants though the roster is not final.
• Regulatory and international approvals remain outstanding, including antitrust review and Chinese legal sign-offs, and China has not independently confirmed approval of the arrangement.