Trump's deal to curtail Chinese control

For a week, the White House has signalled that a deal to transfer ownership of TikTok to a US company is forthcoming. Donald Trump is expected to sign an executive order this week that would create a structure for a group of investors to take over operations of the Chinese company in the US.

- Dara Kerr

On Monday, White House officials said the US business software company Oracle would license a copy of TikTok's recommendation algorithm as part of the deal. The partnership expands on Oracle's existing management of TikTok's trove of data collected about its US users.

The US president spoke to China's president, Xi Jinping, on the phone on Friday, saying in a Truth Social post that the call was "a very good one" and that he appreciates the "Tik Tok approval".

Earlier in the week, leaders from both governments met in Madrid to discuss trade and also hash out a deal for TikTok's ownership.

The social media app's future in the US has been uncertain, after Congress overwhelmingly voted to ban it last year unless it found a US buyer. The supreme court upheld the ban in January, but on Trump's first day in office he signed an executive order postponing it. He has since repeatedly continued to delay its enforcement until a deal is secured, though the ban on TikTok was originally his idea.

Here is what we know about the forthcoming deal, including the involvement of the Murdoch family of media moguls and Oracle's Larry Ellison, who briefly dethroned Elon Musk as the richest person in the world two weeks ago.

What are the terms of the deal?