Summary:
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President Trump to sign executive order for TikTok deal with U.S. investors like Oracle. ByteDance to retain minority stake.
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National security concerns addressed with majority ownership shift. TikTok to operate in the U.S. under new arrangement.
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Deal separates TikTok’s U.S. operations from Chinese parent company ByteDance. Trump expected to approve.
President Donald Trump is expected to sign an executive order approving a deal to separate TikTok’s U.S. operations from its Chinese parent company, ByteDance.
The proposed plan gives majority ownership to U.S. investors like Oracle, while ByteDance would retain a minority stake and license TikTok’s recommendation algorithm.
This move aims to address national security concerns while allowing the app to continue operating in the U.S.
