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.

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.

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,

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.

The social media platform TikTok will soon be U.S.-based in a reported preliminary deal to keep the popular app operating for American users.

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,

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.

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.

Andreessen Horowitz, Oracle, and Silver Lake will invest in a duplicate TikTok algorithm for American audiences, according to the current White House plan.