How TikTok Deal Would End Saga Over Its US Operation: QuickTake

The yearslong saga over the future of TikTok’s American operations could finally be nearing a conclusion. The social media platform says its US arm is being bought by a consortium led by Oracle Corp., aligning with the deal outlined by the Trump administration in September.

The sale is to comply with a national security law signed in 2024 by then-President Joe Biden — the Protecting Americans from Foreign Adversary Controlled Applications Act — which mandates that Chinese owner ByteDance Ltd. reduce its ownership of TikTok US to less than 20%.

China’s government has yet to say whether it will ...