NextFin news, On Thursday, September 25, 2025, US President Donald Trump signed an executive order in the Oval Office, Washington, D.C., outlining a plan for ByteDance, TikTok's Chinese parent company, to divest its US assets. This move transfers control of TikTok's US operations to a consortium of American investors, including Oracle, MGX, and Silver Lake.
The executive order sets a 120-day deadline for the divestiture to be completed, complying with a 2024 federal law that requires China-based ByteDance to sell its US TikTok assets to avoid a ban. The law was enacted amid national security concerns over data privacy of American users.
Vice President JD Vance, present at the signing, emphasized the administration's goal to keep TikTok operational in the US while ensuring American data privacy protections. He noted some resistance from the Chinese side but affirmed the deal's importance for national security.
The deal reportedly values TikTok US at approximately $14 billion. ByteDance will retain less than 20% ownership in the US entity to meet legal requirements. The American investor group is expected to hold roughly 50% combined ownership, with each investor—Oracle, MGX, and Silver Lake—holding about 15% stakes.
MGX is an artificial intelligence investment firm linked to Sheikh Tahnoon bin Zayed Al Nahyan of the United Arab Emirates, while Silver Lake is a private equity firm. Oracle's involvement is notable due to its CEO Larry Ellison's close ties to former President Trump.
President Trump stated that under the new ownership, TikTok will treat all viewpoints fairly, dismissing concerns that content might be skewed politically. The White House plans to announce the full list of investors in the coming days.
This executive order follows multiple postponements of a TikTok ban deadline by the Trump administration earlier in 2025, reflecting ongoing negotiations to resolve national security issues while allowing the popular short-form video app to continue operating in the US market.
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