Core Points - President Trump signed an executive order to approve a proposal that values TikTok's U.S. operations at $14 billion [1] - The deal requires China-based ByteDance to sell TikTok's U.S. operations or face a ban, with a new joint-venture company overseeing the business [2] - Oracle, Silver Lake, and MGX investment fund will be the main investors, controlling approximately 45% of the new entity [3] Company Structure - ByteDance will retain less than a 20% stake in the new U.S. TikTok business, while ByteDance investors and new holders will own 35% [2][3] - Oracle will manage the app's security operations and provide cloud computing services for the new TikTok U.S. firm [5] - ByteDance was valued at $330 billion last month, with TikTok's U.S. operations estimated to be worth between $30 billion to $35 billion [5] Government Involvement - The federal government will not take an equity stake in TikTok's U.S. operations [6] - The executive order extends ByteDance's deadline to divest TikTok's U.S. operations, preventing penalties for app store operators and internet service providers [7]

Core Points - Oracle will recreate and secure a new version of TikTok's algorithm, with US owners leasing a copy from Bytedance, while Oracle will monitor and operate the algorithm [1] - The deal aims to address national security concerns, but it remains uncertain if it will satisfy the national security law passed by Congress [2] - Bytedance is expected to retain less than a 20% stake in the new TikTok structure, with US investors, including Oracle, holding a majority [3] - Six out of seven board seats will be held by Americans, with the final seat occupied by Bytedance [3] - The deal is part of ongoing trade negotiations with Beijing, potentially facilitating a meeting between President Trump and Chinese President Xi Jinping [4]

Group 1 - Apple will keep TikTok on its App Store for at least 75 more days after receiving assurances from Attorney General Pam Bondi [1][3] - President Trump signed an executive order to extend the TikTok ban deadline for the second time, requiring ByteDance to sell its U.S. operations under a national security law [2] - The extension of the TikTok ban comes after Trump announced cumulative tariffs of 54% on China, indicating a potential negotiation for tariff reductions to facilitate the sale of TikTok's U.S. operations [5] Group 2 - TikTok briefly went offline for U.S. users in January after the initial ban deadline, and it was unavailable for download until February 13, when Apple reinstated it following a similar assurance from Bondi [4] - AG Bondi's letter indicated that Apple would not be penalized for hosting TikTok, aligning with Trump's deadline extension [3] - Trump suggested that he might reduce tariffs to help facilitate a deal for ByteDance to sell TikTok's U.S. operations, emphasizing the significance of tariffs over the TikTok deal [5]