Trump has signed an executive order approving a $14 billion deal to keep TikTok running in the U.S., subject to Beijing’s approval. The agreement establishes a new joint venture in which ByteDance holds under 20%, Oracle, Silver Lake, and MGX Fund together control about 45%, and ByteDance’s existing investors retain 35%.
- Oracle will oversee security operations and cloud hosting, with founder Larry Ellison directly involved.
- Vice President JD Vance confirmed the $14 billion valuation.
- Trump said the deal ensures TikTok is “American operated all the way.”
- ByteDance investors including General Atlantic, Susquehanna, and Sequoia will contribute equity, while U.S. authorities gain control of TikTok’s recommendation algorithm.
- There is no federal equity stake.
- Trump also mentioned possible involvement from Rupert and Lachlan Murdoch, as well as Dell CEO Michael Dell.
