Oracle, Silver Lake and Abu Dhabi’s MGX are set to be the main investors controlling roughly 45% of TikTok’s U.S. business, according to a report from CNBC.

ByteDance, TikTok’s Chinese parent company, will retain a 19.9% ownership stake.

The big picture: The remaining 35% will be held by ByteDance investors and new stakeholders. • This restructuring comes amid U.S. federal law pressure, which requires ByteDance to divest from TikTok’s American business or face a shutdown. • The law was supported by bipartisan members of Congress, driven by national security concerns focused on TikTok’s potent content algorithm and potential data risks. • President Donald Trump is backing the deal with an executive order, aiming to keep TikTok accessible in the U.S.

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