Washington: US President Donald Trump has indicated that the TikTok US deal is expected to be approved through an executive order later this week.
The announcement has followed months of negotiations between the United States and China, highlighting broader trade discussions and efforts to safeguard national security.
The proposed TikTok US deal would require the transfer of TikTok’s American assets from China’s ByteDance to US -based investors. Under the agreement, the app’s algorithm would be secured, retrained, and operated within the United States outside ByteDance’s control, ensuring greater oversight of data and operations.
Trump has confirmed that media mogul Lachlan Murdoch, along with business leaders Larry Ellison and Michael Dell, will participate as US investors. Existing investors and a consortium of new backers, including private-equity firm Silver Lake and cloud-computing company Oracle, are expected to collectively hold about 80 per cent of the newly structured entity managing TikTok in the United States.
As part of the deal, TikTok US data will be stored entirely on US cloud infrastructure managed by Oracle. A board of directors with expertise in national security and cybersecurity will oversee the platform, with the goal of protecting user information and aligning operations with US regulations.
Existing investors, such as trading firm Susquehanna International, are anticipated to maintain approximately 30 per cent ownership of the US operations.
The move comes after sustained discussions aimed at ensuring that popular short-video app TikTok remains operational in the US while addressing concerns over data security and foreign control. Approval through an executive order would formalise the timeline for implementation and mark a significant development in US-China technology negotiations.
The TikTok US deal has drawn attention from regulators and industry observers, as it sets a precedent for handling foreign-owned digital platforms operating in the United States. While TikTok and the White House have not immediately commented, the expected agreement represents a major shift in ownership and operational oversight of the widely used social media platform.
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