A breakthrough appears close in the high-stakes battle over TikTok’s future in the United States. White House Press Secretary Karoline Leavitt said on Fox News that an agreement has been reached—though not yet signed—to spin off TikTok’s U.S. operations under majority American ownership.
According to reporting, the restructured company would feature a U.S.-controlled algorithm and a board dominated by American representatives, with Americans holding six of seven seats. Leavitt added that the remaining steps are largely procedural, saying the deal is expected to be signed in the coming days.
New investors are set to include Oracle, Andreessen Horowitz, and Silver Lake Management, with Oracle taking the lead on security and safety for the app. Current owner ByteDance would retain less than a 20 percent stake in the spun-off entity, a structure designed to address national security and data privacy concerns that have shadowed the platform for years.
The push for a deal follows repeated deadline extensions for a U.S. measure that would effectively ban TikTok if it isn’t sold to new owners. President Donald Trump said that China’s President Xi Jinping has approved the proposed arrangement, clearing a major diplomatic hurdle.
If finalized, the agreement would reshape TikTok’s governance, data protection, and strategic oversight in the U.S. market. Majority American ownership, U.S.-centric board control, and Oracle’s security role aim to reassure regulators and users alike while keeping the wildly popular short-form video platform available to millions of creators and viewers. All eyes now turn to the formal signing and the rollout of the new structure, which could define how global tech platforms operate under stricter national security expectations in the years ahead.
