TikTok buyers set to include Oracle, Silver Lake and Andreessen

ByteDance’s stake in US operations to fall below 20% in tentative agreement

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TikTok’s US operations would be acquired by an investor consortium that includes Oracle, Andreessen Horowitz and private equity firm Silver Lake Management under a framework deal that US President Donald Trump is set to discuss with Chinese President Xi Jinping later this week.

The tentative agreement, unveiled on Sept 15 by senior US and Chinese officials after two days of talks in Madrid, would create a US-based version of the popular social media app, with Oracle, Andreessen and Silver Lake all holding stakes in the new venture, according to people familiar with the matter.

Under the deal, ByteDance’s stake in TikTok would be reduced to below 20 per cent to satisfy a US national security law passed in 2024 that required the Beijing-based company to divest or face a ban of the app in the US market.

If completed, with the blessing of Mr Trump and Mr Xi, the transaction would allow the video sharing platform to keep operating in the US and remove a sticking point in US-China relations.

The deal calls for Oracle to continue providing cloud services for TikTok in the US, a business that has become a steady source of revenue for the Austin-based company.

Oracle already works with TikTok to host user data in the US and other countries as part of a multi-billion-dollar partnership that TikTok has dubbed Project Texas.