U.S. President Donald Trump has signed an executive order approving a proposal to keep TikTok operational in the United States, in a deal that Vice President J.D. Vance said values the company’s U.S. business at 14 billion dollars.

National Security Requirements

The agreement comes in response to U.S. national security laws, which require TikTok’s Chinese parent company, ByteDance, to sell its American operations or face a nationwide ban. Under the terms of the deal, which still needs Beijing’s approval, a new consortium will oversee TikTok’s U.S. operations. ByteDance will retain a stake of less than 20%.

Key Investors and Structure

Oracle, private equity firm Silver Lake, and Abu Dhabi–based MGX will emerge as the primary investors, together controlling roughly 45% of the new U.S. TikTok entity, according to CNBC. Meanwhile, ByteDance’s existing investors and new shareholders will hold about 35%.

Notably, no ByteDance representatives attended the signing, and the company has yet to acknowledge the deal. No purchase price was disclosed, and there is little indication that China has adjusted its laws to enable such an agreement, CNBC reported.

China’s Role

Trump insisted that Chinese President Xi Jinping had given the green light to the deal, though Vance acknowledged that Beijing initially resisted. The outcome ultimately marks a rare point of consensus between Washington and Beijing on the controversial app’s future.

Oracle’s Central Role

Under the arrangement, Oracle will oversee TikTok’s security operations and continue to provide cloud computing services for the new U.S. entity. Trump emphasized Oracle founder Larry Ellison’s involvement in the ownership group, calling his company’s role “very important.”
“It belongs to Americans—and very sophisticated Americans,” Trump said during the signing ceremony.