TikTok’s future in the United States is coming into focus as US and Chinese officials reached a new framework agreement that keeps the app running while transferring US assets to American ownership.
The deal includes new and existing investors in ByteDance, TikTok’s Chinese parent company.
It is expected to close within the next 30 to 45 days, according to sources familiar with the talks.
As part of the agreement, Oracle will continue to manage TikTok’s data and cloud infrastructure, maintaining its role in safeguarding user information.
The framework mirrors a deal discussed earlier this year but was delayed by trade tensions between Washington and Beijing.
President Donald Trump confirmed Tuesday that several major US companies are lined up to buy into TikTok.
At the same time, Treasury Secretary Scott Bessent said the commercial terms had been in place since spring.
Congress had previously passed a law mandating ByteDance divest TikTok’s US operations or face a nationwide ban, citing data security and national influence concerns.
With this new agreement, TikTok looks set to remain active in the US market while under tighter American oversight.
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