New details were revealed Monday on the reported deal that will allow TikTok to continue operating in the U.S.

President Donald Trump will sign an executive order this week declaring that the deal has met U.S. national security needs, according to a senior White House official. The order will include a 120-day extended enforcement pause to allow the deal to close.

The proposal will transfer TikTok’s U.S. assets to a majority American ownership group with a majority of American investors and board.

Under the proposed deal, the app’s algorithm will be operated in the United States and overseen by Oracle, the official said. Oracle and private equity firm Silver Lake will be among those investors. A full investor group has not yet been finalized, the official said.

Determining next steps f

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