A high-powered group of majority American-based investors may be set to take ownership of TikTok's U.S. operations after a convoluted yearslong bid to keep the social media app available in the United States.

Senior White House officials told reporters on a Sept. 22 call that TikTok has reached a preliminary deal to sell its U.S. operations to a group of investors that will include private equity firm Silver Lake. Oracle, a U.S.-based technology firm, would serve as TikTok's security provider for its American operations, they said.

See Full Page