Executive Order

A proposed deal to keep TikTok operational in the U.S. is gaining traction, with former President Trump approving a transaction valuing the U.S. TikTok business at $14 billion. The agreement aims to address national security concerns by requiring ByteDance to divest its U.S. operations to a new joint venture, retaining a minority stake. Oracle, Silver Lake, and MGX are expected to control approximately 45% of the venture. While ByteDance hasn’t formally acknowledged the deal, it needs Chinese regulatory approval. Oracle will oversee security. The deal aims to ensure American operation.