TikTok's US business would be controlled by an investor consortium

President Trump announced a deal involving TikTok’s U.S. operations. A consortium of investors, including Oracle, Silver Lake, and Andreessen Horowitz, will control the business.

U.S. and Chinese negotiators are finalizing the agreement in Madrid, aiming to establish a new U.S. entity to operate TikTok.

Under this framework, U.S. investors would hold about an 80% stake, with Chinese shareholders owning the remainder.