The Trump administration announced a deal to bring TikTok under U.S. ownership, allowing Oracle to oversee American user data and manage the app's recommendation algorithm. This move aims to prevent a ban on the popular platform by licensing the algorithm from its Chinese parent company to an American investor group.

President Trump confirmed a $14 billion deal for TikTok that allows US companies, including Oracle and Michael Dell, to control the app’s content algorithm. This agreement is part of a national security provision requiring TikTok's divestiture from its Chinese parent company, ByteDance. The deal follows Trump's earlier attempts to ban TikTok due to national security concerns.

Larry Ellison and his son David are positioning themselves to control a significant media empire, including CBS, Paramount, Warner, CNN, and a stake in TikTok following a regulatory push for ByteDance's divestiture. With Ellison's financial power and connections to Trump, they are uniquely poised to navigate current media consolidation trends.

President Trump signed an executive order approving a deal that allows TikTok to continue operating in the U.S., requiring China-based ByteDance to sell its U.S. operations. The new arrangement involves a joint venture with major investors like Oracle and Silver Lake, while ByteDance retains a minority stake. The deal is subject to Chinese government approval and aims to address national security concerns.