Trump team says TikTok U.S. divestiture deal close, Oracle and Silver Lake among investors

The White House said Monday that President Donald Trump will soon certify a deal to separate TikTok’s U.S. operations from Chinese parent ByteDance, declaring it compliant with the 2024 divestiture law.

Under the agreement, ByteDance’s stake will fall below 20%, with control shifting to a mix of existing U.S. stakeholders and new investors, including Oracle and private equity firm Silver Lake. Additional “household name” investors are expected to be announced, according to a senior official.

Key deal terms include:

• Oracle will provide U.S.-based cloud infrastructure to store all American user data.

• Prominent U.S. investors such as Lachlan Murdoch, Larry Ellison, and Michael Dell are expected to participate.

• The U.S. government will not take a board seat or a “golden share” in the new entity.

• TikTok’s U.S. assets are valued at “many billions of dollars,” though an exact figure is pending.

The Trump administration is confident Beijing has signed off on the framework, though some paperwork still needs to be finalized. China’s embassy in Washington said it welcomed “productive commercial negotiations” that respected both nations’ laws and interests.

TikTok, with 170 million American users, faced a looming ban after Congress passed a law requiring ByteDance to divest U.S. operations by January 2025. Trump previously extended enforcement to mid-December to allow negotiations. His new executive order will add another 120-day pause to give investors and ByteDance time to close the deal.

The agreement marks a rare breakthrough in strained U.S.–China trade relations and could prevent a forced shutdown of one of the world’s most popular social media platforms in America.