TikTok sold for $14B: Oracle, Silver Lake, and MGX to take control

After years of uncertainty, TikTok now has a path forward in the U.S. President Donald Trump has signed an executive order approving a $14 billion deal that will reshape ownership of the app and secure its future in America.

According to a report from CNBC, the agreement brings an end—at least for now—to the threat of a nationwide ban. It requires ByteDance, TikTok’s China-based parent company, to reduce its stake in the U.S. operation to less than 20 percent. In its place, a new joint venture will oversee TikTok’s American arm, pending final approval from Beijing.

“President Donald Trump on Thursday signed an executive order approving a proposal that would keep TikTok alive in the U.S. in a transaction that Vice President JD Vance said values the business at $14 billion,” CNBC reported.

Inside TikTok’s $14B Deal and What It Means for U.S. Users

The lineup of new investors includes Oracle, Silver Lake, and Abu Dhabi’s MGX, which together will control about 45 percent of the venture. Existing ByteDance investors and new stakeholders will hold another 35 percent. The deal structure was first reported by CNBC, citing Vice President JD Vance’s remarks that the agreement gives TikTok a $14 billion valuation.

No ByteDance representatives will serve on the new company’s board, a detail that addresses long-standing security concerns in Washington. The agreement follows a national security law requiring Chinese owners to divest TikTok’s U.S. operations or face an outright ban.

The arrangement also highlights the growing centrality of TikTok to American culture and business. With more than 170 million U.S. users, the app has been at the center of debates over data privacy, foreign influence, and political speech. Past deadlines for a sale were extended, legal challenges mounted, and the app’s creators and users campaigned to keep it alive. This order finally provides a path forward, though the geopolitical backdrop means uncertainty could still resurface.

For Oracle, the deal marks the culmination of years spent courting TikTok. The enterprise giant has been positioning itself as a partner for companies under pressure to prove data security. Silver Lake and MGX add financial muscle, while existing shareholders like Sequoia and General Atlantic stand to benefit from the restructuring.

Whether this arrangement satisfies skeptics in both Washington and Beijing remains to be seen. But for now, TikTok’s fate is sealed: the app that defined an era of short-form video will continue operating in the U.S., under new ownership and closer government scrutiny.

For ByteDance, the deal is both a concession and a lifeline. The company, once valued at $400 billion, is surrendering control of one of its most prized international assets but avoiding a ban that would have cut it off from TikTok’s 170 million American users. The agreement also comes at a politically delicate moment, as it is woven into the broader negotiations between Washington and Beijing on trade. Without progress on TikTok, US officials said, talks between Trump and Xi later this year would have been at risk.

The valuation of TikTok’s US operations—estimated at $35 to $40 billion—reflects the app’s deep market foothold and the soaring valuations of tech companies in the AI era. Details remain fuzzy on exactly how much Oracle, Andreessen, and Silver Lake will invest, but people close to the talks say Oracle’s stake will be relatively small. Even so, Oracle’s stock jumped nearly 6 percent in New York before cooling off, underscoring Wall Street’s optimism about the company’s expanding cloud business.