TikTok’s U.S. business is set to be placed under majority American ownership as part of a deal being finalized between Washington and Beijing, The Wall Street Journal reported this week.

The Journal is now reporting that, according to people familiar with the talks, a consortium of U.S. investors — including Oracle, Silver Lake, and Andreessen Horowitz — would hold about 80% of a new entity created to run TikTok’s U.S. operations. Chinese shareholders would retain the remaining stake.

Negotiators from both countries met in Madrid to advance the framework, which aims to resolve long-running national security concerns surrounding the app’s Chinese ownership. The White House confirmed progress, with President Trump telling reporters: “We’ve got a deal on TikTok.”

TikTok’s U.S. headquart

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