Story perspectives

Trump Administration Finalizes TikTok U.S. Ownership Transfer

9/23/2025

Summary

Story summary

The Trump administration is finalizing a deal transferring TikTok U.S. operations to an American-led consortium under a 2024 divestiture law.
At least 80% of ownership will be American investors, including Oracle Corporation and Silver Lake, ByteDance retaining a minority stake.
Trump is expected to sign an executive order extending TikTok ban enforcement pause by 120 days to complete the deal.

History

Historical Context

The McCarthy era in the 1950s heightened scrutiny of foreign influences, leading to the formation of the Committee on Un-American Activities. This historical context parallels the Trump administration's 2020 efforts to transfer TikTok's U.S. operations to an American-led consortium, driven by national security concerns over foreign ownership. Today, Oracle Corporation and Silver Lake's involvement may reshape technology ownership and regulatory practices in the U.S.

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Story summary

The Trump administration is finalizing a deal transferring TikTok U.S. operations to an American-led consortium under a 2024 divestiture law.
At least 80% of ownership will be American investors, including Oracle Corporation and Silver Lake, ByteDance retaining a minority stake.
Trump is expected to sign an executive order extending TikTok ban enforcement pause by 120 days to complete the deal.

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