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Trump to Sign Executive Order Approving TikTok Divestiture Deal

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President Donald Trump will sign an executive order on Thursday affirming that a deal under negotiation to sell TikTok’s U.S. operations meets the requirements of a 2024 law, according to a White House source.

The law, passed last year by Congress, mandates that TikTok’s Chinese parent company ByteDance must divest its U.S. assets or face a ban of the short video app, which has 170 million American users.

Trump, who has 15 million followers on his personal TikTok account, has publicly credited the platform with helping him win re-election in 2024. The White House itself launched an official TikTok account last month.

The administration has delayed enforcement of the divestiture law until mid-December to give time for negotiations, including lining up American investors and structuring the transaction to qualify as a full separation from ByteDance.

Thursday’s executive order is also expected to extend the compliance deadline, providing additional time for the deal to be finalized.

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

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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.

Trump expected to greenlight TikTok U.S. deal via executive order this week

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President Donald Trump is expected to approve a long-awaited deal to secure TikTok’s future in the U.S. through an executive order later this week, the Wall Street Journal reported, citing a senior White House official. The move would bring months of tense U.S.–China negotiations to a close and establish the legal framework for the app to continue operating in America.

The agreement requires TikTok’s U.S. assets to shift under American ownership and management. According to officials, the app’s core algorithm will be “secured, retrained, and operated in the United States outside of ByteDance’s control.”

Key details of the deal include:

  • A new U.S.-based entity will oversee TikTok operations, with a board comprised of directors experienced in national security and cybersecurity.

  • American investors—including media executive Lachlan Murdoch, Oracle co-founder Larry Ellison, and Dell chairman Michael Dell—will play a major role.

  • U.S. firms Oracle and Silver Lake will control about 50% of the new company.

  • Existing investors, such as Susquehanna International, will hold around 30%.

  • ByteDance’s ownership stake will drop below 20%.

To safeguard user data, all information from American TikTok accounts will be stored on U.S.-based cloud infrastructure run by Oracle.

The expected approval reflects Trump’s insistence on limiting Chinese influence over TikTok while keeping the popular video app available to its tens of millions of U.S. users.