President Trump is expected to sign a deal this week that will give American investors majority control of TikTok and place user data protection in the hands of a US-based company.

TikTok’s operations will be moved into a joint venture based in the United States, with Oracle, co-founded by Trump ally Larry Ellison, acting as the app’s security provider.

The big picture: Existing investors and new US backers, including Oracle and private equity firm Silver Lake, will collectively own about 80% of the company, reducing the Chinese parent ByteDance’s stake to less than 20%. • The new TikTok entity will be governed by a seven-member board of directors, with ByteDance allowed to nominate only one member. • Oracle will be responsible for analyzing, “retraining,” and continuously monitoring

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