Oracle, Andreesen Horowitz, More Will Hold Controlling Stake In TikTok Deal, Report Says

Core Viewpoint - An investor group led by Oracle, Silver Lake, and Andreessen Horowitz will acquire a controlling stake in TikTok's new U.S. business, with President Trump announcing a deal to keep the app operational in the U.S. [1][4] Group 1: Investment Structure - Oracle, Silver Lake, and Andreessen Horowitz will hold an estimated 80% stake in the new U.S. company operating TikTok, while Chinese shareholders will retain the remaining shares [1] - The new company will have Oracle managing user data at its Texas facilities, with a board primarily composed of Americans and one member appointed by the U.S. government [2] Group 2: Timeline and Negotiations - President Trump indicated that he would discuss the deal's framework with Chinese President Xi Jinping, with an executive order extending the deadline for a TikTok sale to December 16 [4] - The deal is anticipated to close within the next 30 to 45 days, with previous negotiations reportedly delayed due to tariffs announced by Trump [4] Group 3: Background Context - Trump has previously extended deadlines for ByteDance to divest TikTok's U.S. operations, suggesting interest from various U.S. companies and investors [6] - Concerns regarding TikTok's potential national security threats have led to a bipartisan push for a ban, which was enacted in April 2024 [6]