Core Viewpoint - A potential deal is emerging to prevent a TikTok ban, involving major US tech and investment firms taking majority control of the China-owned app [1][4]. Group 1: Ownership Structure - A US group, including Oracle, Silver Lake, and Andreessen Horowitz, will reportedly own approximately 80% of TikTok, with Chinese investors holding the remaining 20% [2][5]. - Current US-based investors in ByteDance, such as Susquehanna, KKR, and General Atlantic, will be part of the new entity controlling about 80% of TikTok [5]. Group 2: Regulatory and Political Context - President Trump has extended the enforcement deadline for the TikTok divestment law to December 16, which was initially set to take effect in January [12]. - The deal's terms were negotiated during tense trade discussions between US and Chinese officials in Madrid [8]. Group 3: Concerns and Compliance - There are concerns regarding whether rolling Chinese shares into a US entity would violate Congress's 20% threshold for Chinese ownership [6]. - Experts have indicated that licensing the algorithm from ByteDance could potentially violate existing laws [12]. Group 4: Data Management and User Experience - The new app will utilize technology licensed from ByteDance, with all US user data managed on Oracle's servers [8]. - Users may be prompted to switch to a new version of the app to address concerns about Chinese control over TikTok's recommendation algorithm [6].