Syed Saif Ul Hassan 
Sep 22, 2025
After hanging in balance for over six months, TikTok US' sale to US-owned entities is said to be nearing finalisation, as US President Donald Trump is expected to approve the deal via an executive order later this week.
The completion of TikTok's divestiture would bring an end to months of negotiations between the US and China, setting the much-awaited stage for the popular short video app to continue operating in the US, Reuters noted, citing a Wall Street Journal report.
The US president hinted at progress in discussions that would require TikTok’s American assets to be transferred from ByteDance, TikTok's parent company, to US owners.
It was also made part of the deal that TikTok's algorithm be “secured, retrained and operated in the United States outside of ByteDance’s control,” according to a White House official.
Trump also remarked that media mogul Lachlan Murdoch and business leaders Larry Ellison and Michael Dell would be key participants for US investors in the deal.
Under the agreement on the horizon, TikTok’s US assets would be majorly owned by American investors and managed by a board with national security and cybersecurity expertise.
Reports also suggested that existing investors and new US backers, including private-equity firm Silver Lake and cloud-computing giant Oracle, would collectively own about 80% of the company.
All data on American users would be stored on US cloud infrastructure operated by Oracle, resulting in ByteDance's stake dropping below 20%.
