The U.S. and China have approved a deal to sell TikTok’s U.S. business to a consortium of primarily U.S. investors led by Oracle Corp. (NYSE:ORCL) and Silverlake. The transaction concludes a years-long dispute between the social media platform and the two global superpowers over national security concerns.

Deal Structure And Key Investors

The agreement, which is set to close this week according to people familiar with the matter who spoke to Semafor, leaves ByteDance with just under 20% ownership of the U.S. business. Oracle, Silverlake and MGX, a state-owned investment firm in the United Arab Emirates focused on artificial intelligence, will each receive 15% stakes. Additional investors include Susquehanna, Dragoneer and DFO, Michael Dell’s family office, according to the media outlet.

TikTok CEO Shou Chew stated in December that ByteDance had signed a binding agreement with investors but noted that regulators hadn’t yet indicated their approval, according to a report by Semafor on Thursday.

Meeting Trump Administration Deadline

The transaction’s completion is designed to meet a Jan. 22 deadline established by the Trump administration in an executive order that granted a 120-day stay on enforcing the federal ban. Former President Joe Biden signed a law in 2024 requiring ByteDance to divest its U.S. business or face a ban over national security concerns.

U.S. Vice President JD Vance said in September the deal would value the unit at roughly $14 billion, though the final sale price was not disclosed. Details regarding negotiations over TikTok’s algorithm, which has been the primary point of contention between the U.S. and Chinese governments, remain unclear.

The White House, Oracle, Silverlake and the Chinese embassy did not immediately respond to Benzinga’s request for comment.

ORCL Price Action: Oracle shares were trading up 3.09% at $179.25 at the time of publication on Thursday, according to Benzinga Pro data.

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