TikTok's U.S. business will have 45% of control in the hands of a group of investors that includes Oracle, Silver Lake and Abu Dhabi's MGX.

A group of three investors, including Oracle and private-equity firm Silver Lake, will take a roughly 50% stake in TikTok U.S., a source familiar with the deal said on Thursday. A group of existing shareholders in TikTok’s Chinese parent,

The US and China are edging toward a deal to resolve the future of TikTok in the US, with Oracle Corp. cast in a starring role.

President Donald Trump signed an executive order Thursday to keep TikTok active for 170 million U.S. users with U.S. investors owning 80% of the company.

In the UAE, Oracle has teamed up with G42 for a local Stargate data center worth tens of billions and pitched to grow to 5GW. G42, which counts Silver Lake as an investor, was cofounded by MGX and shares the same chairman, Emirati national security advisor Tahnoun bin Zayed Al Nahyan.

Oracle stock rose over 6% Monday as the White House confirmed that the software giant is part of a consortium of investors that will control TikTok's US operations. The company also separately announced a CEO shakeup.

Under the current terms of the proposal, the new US joint venture would receive a licensed copy of the recommendation algorithm that keeps TikTok users endlessly scrolling through clips on their smartphones.

President Donald Trump also namedropped Texas tech titan Michael Dell as a possible member of a group involved in the deal. Oracle Chairman Larry Ellison is part of the group.

President Donald Trump this week will declare that a deal to divest TikTok's U.S. operations from its Chinese owner ByteDance will meet requirements set out in a 2024 law, a White House official said on Monday,

The drama surrounding TikTok and whether it will continue to be available in the U.S. is unprecedented in the tech world. At issue is how a foreign-owned consumer app is being effectively forced by U.