US President Donald Trump is expected to sign a key deal on Thursday, which will decide TikTok’s future in the United States. The agreement will transfer the popular video-sharing app to a group of American investors, bringing months of uncertainty to an end.

According to NBC, the deal will create a new US-based company to run TikTok. Meanwhile, ByteDance, the Chinese parent company, will keep a stake of less than 20 percent. This plan follows a bipartisan law passed in 2024 that required TikTok to be sold to American owners or face a complete ban.

Earlier this year, TikTok briefly shut down in the US in January, just one day before Trump’s second-term inauguration. This shutdown highlighted the urgency for a permanent solution.

Trump to Delay Ban for Deal Completion

To move the process forward, Trump plans to extend TikTok’s current ban deadline by another 120 days, a senior White House official told NBC. This extra time will allow the sale to be completed smoothly.

Just last week, Trump signed an executive order that extended the ban for three months. Now, with negotiations progressing, this new extension will give both sides the chance to finalize the deal.

Oracle to Manage TikTok’s Data

As part of the agreement, Oracle will take charge of TikTok’s data in the US. This move, according to a White House official, will ensure strict data privacy and security measures.

However, a major sticking point during talks was TikTok’s recommendation algorithm, often called its “secret sauce.” This powerful technology determines which videos users see and has been a major source of concern for US officials.

Under the new arrangement, American investors will control TikTok’s algorithm in the US. ByteDance will lease a version of the algorithm to the American company. Then, Oracle will retrain it completely from scratch to eliminate security risks and protect user data.

Who May Be Involved in the Deal

So far, the full list of buyers has not been confirmed. However, Trump revealed that media mogul Rupert Murdoch and his son, Lachlan Murdoch, CEO of Fox Corporation, could be involved.

In addition, Oracle cofounder Larry Ellison is expected to play a key role. Reports suggest that his consortium may also include Blackstone, Silver Lake, Walmart, and billionaire Frank McCourt.

Once the deal is complete, TikTok will officially come under US control. As a result, it will address national security concerns and secure the app’s future in America.