What the TikTok Deal Means for the App’s Future in US: QuickTake

The yearslong saga over the future of TikTok’s American operations has finally reached a conclusion. The social media platform said on Jan. 23 that its US arm has been bought by a consortium led by Oracle Corp., formalizing the deal outlined by the Trump administration in September.

The sale is designed to comply with a national security law signed in 2024 by then-US 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%. The law gave ByteDance an ...