• by Colin Kirkland , September 17, 2025

President Donald Trump has issued a fourth executive order extending the TikTok selloff deadline as his administration negotiates a deal with China, which involves part ownership from a consortium of U.S. investors, an American-majority board, and a new version of the app.

On Monday, U.S. trade representative Jamieson Greer announced that the Trump administration reached an agreement with China on a basic framework for a deal in response to the Protecting Americans from Foreign Adversary Controlled Applications Act passed by the U.S. Supreme Court in January. 

Now, it has been reported by The Wall Street Journal that if a deal is finalized, TikTok’s stateside business would be controlled by an investor consortium made up of Oracle, Silver Lake, and Andreessen Horowitz that would hold an 80% stake in the company while Chinese shareholders owned the remaining 20%.

“This new company would also have an American-dominated board with one member designated by the U.S. government,” The Journal states.

TikTok’s current U.S. user base of 170 million people would also have to download a new version of the app. Built by TikTok, the U.S.-based app would be designed to recreate the platform’s powerful content-recommendation algorithm using ByteDance-licensed technology. 

Oracle, which has been an official TikTok technology partner since 2020 and has made previous bids to acquire the company, would be responsible for storing user data at its facilities in Texas.

In order to finalize a potential deal with China, Trump has again pushed back the ban deadline, which is now set for December 16. 

Right now, the American version of TikTok does not seem to differ from the current China-owned app.

Once a deal is agreed upon by both nations, however, more details will likely become available to the U.S. public, including creators and advertisers who rely on TikTok to run businesses, target consumers and sell products.