The New Deal comes after the White House delayed its ban on short video apps four times.
Released on September 25th, 2025
US President Donald Trump has signed an executive order that outlines plans to sell the short video app Tiktok’s Baite Dance. The plan is shifting management of US assets to new groups of investors, including Oracle.
The order will be signed on Thursday at an oval office and will be set for a 120-day period for the sale to take place.
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To avoid the ban, it is expected that China-based ordinances will meet laws requiring the sale of US assets.
The legislation passed in Congress sets a January sales deadline, and Trump postponed that deadline four times in February, April, June and last week to prevent popular, short-form video apps from being banned.
“There was some resistance on the Chinese side, but the basic thing we wanted to achieve was that we wanted to continue running Tiktok, but we wanted to protect the data privacy of Americans as required by the law.
The president did not share details of the transaction, but besides saying that US users’ data is managed by US investors, Oracle has confirmed that media tycoon Rupert Murdoch and tech billionaire Michael Dell become investors without sharing information about their roles and scope of involvement. Vance added that the transaction was valued at around $14 billion.
Investors are approaching
A group of three investors, including Oracle, MGX and Private-Equity Firm Silver Lake, will acquire about 50% stake in Tiktok US, a source familiar with the deal told Reuters.
CNBC reported on Thursday that three Tiktok US investors would cite sources to form a total of 45% ownership. Bloomberg News Agency reflected that information, saying each investor will hold a 15% stake in the company.
In the United States, the ordinance holds less than 20% to comply with the requirements set forth in the 2024 law.
MGX falls within the scope of Sheikh Tanoon bin Zayed Al Nahyan, an AI investment company, partner in Silver Lake, national security adviser to the United Arab Emirates and brother of President Mohamed bin Zayed Al Nahyan.
The White House said it will release its entire list of investors for the upcoming years.
According to experts who spoke with Al Jazeera earlier this week, Oracle’s Larry Ellison’s involvement could distort content to suit Trump’s favorable perspective. Ellison is an important Trump ally.
The White House previously told Al Jazeera that the perspective is “completely paranoid.”
The president responded to a reporter’s question about whether content under the new owner would change to reflect his views, saying all perspectives will be treated fairly.
