ISTANBUL

A deal has been reached between Washington and Beijing to sell TikTok’s American operations to a group of primarily US-based investors, with Oracle and Silver Lake in leading roles, according to a report Thursday.

The agreement, intended to be finalized this week, resolves years of tension about the app's security and ownership, American news website Semafor reported.

Under the finalized structure, Chinese parent company ByteDance will retain less than a 20% stake, while Oracle, Silver Lake and the United Arab Emirates-based AI firm MGX will each hold 15%, it said. Additional participants include Susquehanna, Dragoneer, and Michael Dell’s family office DFO.

Neither the White House nor TikTok’s leadership issued a statement on the deal.

The closing aligns with a Jan. 22 deadline established by US President Donald Trump via an executive order that provided a temporary stay on a federal ban of the app.

While the 2024 legislation required divestiture due to data privacy concerns, Trump extended the deadline multiple times to facilitate the transition. Despite the video-sharing platform briefly going dark before Trump's inauguration, it was restored following his presidential intervention.