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:
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A new U.S.-based entity will oversee TikTok operations, with a board comprised of directors experienced in national security and cybersecurity.
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American investors—including media executive Lachlan Murdoch, Oracle co-founder Larry Ellison, and Dell chairman Michael Dell—will play a major role.
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U.S. firms Oracle and Silver Lake will control about 50% of the new company.
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Existing investors, such as Susquehanna International, will hold around 30%.
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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.