Trump Expected to Approve TikTok US Deal with Oracle Control

President Donald Trump is expected to sign an executive order this week formalizing a deal that divests TikTok's U.S. operations from its Chinese owner ByteDance, complying with a 2024 U.S. law aimed at addressing national security concerns. The new arrangement will establish TikTok U.S. as a joint venture majority-owned by American investors, including notable figures such as Oracle chairman Larry Ellison and media moguls Rupert and Lachlan Murdoch, with Oracle responsible for overseeing and retraining the app's algorithm to safeguard U.S. user data. This deal follows high-level discussions between Trump and Chinese President Xi Jinping, who have made significant progress toward resolving outstanding issues, with plans for further meetings at upcoming international summits. Trump has extended enforcement delays on the TikTok ban law multiple times to allow for the complex transition of TikTok’s U.S. assets and to ensure the new ownership structure meets legal requirements. The agreement aims to maintain TikTok's availability for the app's 170 million U.S. users while addressing concerns about potential foreign influence over the platform’s algorithm and content. Although confident that China has approved the deal, U.S. officials note that final paperwork is still needed to complete the transaction.