The White House said Oracle would be responsible for TikTok's data and security and that Americans will control six of the seven seats for a planned board.
Scott Bessent says Trump and China have the framework of a TikTok deal: ‘The commercial terms have been agreed upon’
BY JOSH BOAK, SUMAN NAISHADHAM AND OTHERS
September 19, 2025
TikTok and tariffs loom over Trump’s phone call with Xi Jinping: ‘We’re very close to deals on all of it’
September 20, 2025
Determining next steps for the algorithm, currently owned by the Beijing-based ByteDance, has been one of the most closely…
Trump is expected to issue an executive order later this week that declares that the terms of the deal meet security concerns, a…
New investors include Oracle Corp, Andreessen Horowitz and private equity firm Silver Lake Management LLC.
TikTok deal to create U.S.-dominated board, Oracle likely to take over app, Trump seeks tight control.
White House press secretary Karoline Leavitt on Saturday said that she was "100% confident" that the deal between the U.S. and…
The White House said a deal could be signed "in the coming days", but Beijing is yet to comment.
White House says TikTok's algorithm and data will be controlled 'by America' in new deal
