Under the deal, ByteDance’s stake in TikTok would be reduced to below 20% to satisfy a US national security law passed in 2024 that required the Beijing-based company to divest or face a ban of the app in the American market. If completed, with the blessing of Trump and Xi, the transaction would allow the video-sharing platform to keep operating in the US and remove a sticking point in US-China relations.
TikTok’s US operations would be acquired by an investor consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a framework deal that President Donald Trump is set to discuss with Chinese President Xi Jinping later this week.
The tentative agreement, unveiled on Monday by senior US and Chinese officials after two days of talks in Madrid, would create a US-based version of the popular social media app, with Oracle, Andreessen and Silver Lake all holding stakes in the new venture, according to people familiar with the matter.
