The US operations of TikTok will be moved from Chinese owner ByteDance to a new American-owned joint venture with Oracle and private equity firm Silver Lake among its owners, Nikkei Asia’s Ken Moriyasu reports.

“The Chinese government will, according to law, examine and approve relevant matters involving TikTok, such as the export of technology as well as the licensing of intellectual property,” Wang said, adding that Washington and Beijing agreed that Bytedance would entrust a partner with TikTok U.S.’s user data and content security.

Jim Cramer, the popular host of CNBC's "Mad Money" TV show, has offered a bullish three-word message on the stock of the company that will own TikTok. “Buy their stock,” Cramer said on Sept. 15, referring to the potential buyer of TikTok.

US president says Rupert and Lachlan would join the computer pioneer as well as Oracle’s Larry Ellison in potential deal

Trump has already extended TikTok’s deadline three times since January. If the deadline goes past September 17, it will be the fourth time that Trump would be giving ByteDance more time to decide.

A potential TikTok deal emerged Monday between the US and China, two days before the Trump administration's latest sell or be banned deadline. Now, attention is shifting to the app's Chinese algorithm,

US stock futures (ES=F, NQ=F, YM=F) are largely flat as Wall Street awaits the Federal Reserve's latest interest rate decision coming out of its policy meeting later today. Experts anticipate Fed officials to cut rates by 25 basis points for the first time in 2025.

Singapore-born Shou Zi Chew, TikTok's CEO, boasts an estimated $200 million net worth as of 2025. His journey began with a Facebook internship and pro