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.

It's been a tumultuous year and a half for TikTok in the U.S. In April of 2024, President Biden signed a law forcing the app's parent company, ByteDance, to sell its majority stake to an American company, or face a ban in the U.S. ByteDance never did, and so, in January, the app went dark.

Here’s a quick breakdown of the deal to move TikTok in the U.S. under American ownership and what we know about Rupert Murdoch’s American citizenship.

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.

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

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.

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.

President Trump has signed an executive order approving a deal that would transfer TikToks U.S. operations to American investors, effectively reducing ByteDances control. The deal values the U.S. arm of TikTok at around US $14 billion.