The TikTok saga just hit a major milestone. President Donald Trump signed an executive order on Thursday clearing the way for the completion of a deal to sell TikTok’s US assets to a consortium of mostly American investors, officially declaring that the arrangement meets all US requirements.
This executive order caps off weeks of negotiations that began with a preliminary deal in September. Vice President JD Vance said the transaction values the business at $14 billion, putting TikTok’s US operations firmly in American hands.
The deal will hand control of TikTok’s US operations, along with a copy of the algorithm, to the new US-based joint venture. Oracle will play a central role in this transition, building on their existing relationship with TikTok. The company will retrain TikTok’s algorithm with US data from the ground up, ensuring American control over what content users see. Oracle will continuously monitor how it’s pushing content to users, according to the senior White House official.
Under the planned arrangement, Oracle will oversee the app’s security operations and continue providing cloud computing services for the new TikTok US. ByteDance will retain less than 20% ownership, meeting legal requirements for divestiture. The president is also expected to extend the pause on enforcing the law by another 120 days so that paperwork and regulatory approvals for the deal can be completed.
For TikTok’s 170 million US users, this means the app stays online without interruption. Unlike previous uncertainty periods when users had to download TikTok directly, the platform will continue operating normally while the ownership transition happens behind the scenes.
