A group of investors, including Oracle, Andreessen Horowitz, and Silver Lake, is set to acquire TikTok’s US operations under a tentative agreement discussed by officials from the US and China.

The deal would reduce ByteDance’s ownership of TikTok in the US to below 20%, in line with a US law requiring the company to divest or face a ban.

Oracle would continue its role as TikTok’s US cloud provider.

The agreement still requires approval from both US President Donald Trump and Chinese President Xi Jinping, who are expected to discuss the matter later this week.

Details on the specific stakes each investor would hold have not been disclosed.

Trump has extended ByteDance’s deadline to divest until December 16, marking the fourth extension this year.

It remains unclear how TikTok’s recommendation algorithm will be handled, as US officials have not confirmed whether ByteDance will maintain any involvement after the sale.

TikTok will continue operating in the US while negotiations continue.

🔗 Source: Bloomberg