A billionaire investor, Frank McCourt, is waiting for clarity on the sale of TikTok's US operations as deadlines loom. Concerns over national security due to ByteDance's ties to China have led to legislative action, but a formal deal remains unconfirmed despite previous claims by Trump and his administration.

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.