Trump’s TikTok deal: Oracle and Silver Lake to lead US takeover of TikTok; all you need to know

In September 2025, President Trump approved a deal allowing TikTok to operate in the US under American management, satisfying a 2024 national security law. Oracle, Silver Lake, and MGX will hold 45% ownership, with ByteDance retaining a minority stake. This move addresses data privacy concerns while keeping the popular app accessible, balancing security, economic interests, and diplomacy.