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. Under a US law passed last year, TikTok’s Beijing-based parent company ByteDance Ltd.

The Act referenced in the EO is the 2024 Protecting Americans from Foreign Adversary Controlled Applications Act, which was specifically made to apply to TikTok owner ByteDance Ltd. The Act said such an application must be divested or banned if it constitutes a national security threat.

Abu Dhabi’s royal family and U.S. investors including Oracle, Silver Lake, Dell, and Fox are set to take majority control of TikTok’s $14B American arm.

A senior official in President Donald Trump’s administration says Oracle will receive a copy of TikTok's algorithm to operate for U.S. users

The White House has said a deal is expected to be signed with China “in the coming days,” as multiple Trump-supporting billionaires—Larry Ellison, Marc Andreessen, Lachlan Murdoch—may be involved.

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.

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 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,

President Donald Trump’s plan to save TikTok for Americans casts Oracle Corp. as the security guard for US user data and the app’s all-important algorithm.