Trump greenlights $14B TikTok deal with Oracle, Silver Lake, MGX

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President Donald Trump has approved a deal to secure TikTok’s U.S. operations under American control, valuing the business at $14 billion. The agreement brings Oracle, Silver Lake, and Abu Dhabi–based MGX into a combined 45% ownership stake. ByteDance, TikTok’s Chinese parent, will see its U.S. stake reduced to about 20%, with other ByteDance investors holding 35%.

The move follows years of scrutiny over TikTok’s data security and its Chinese ownership. Trump’s executive order mandates that the app remain accessible in the U.S. only if ownership shifted to investors aligned with American interests. The arrangement is intended as a compromise to satisfy Washington’s security concerns while keeping Beijing engaged.

The deal’s geopolitical undertones are sharp: MGX’s involvement links Gulf investment with U.S. politics, given the fund’s past controversies over Trump family ventures. Still pending China’s formal approval, the restructuring marks a decisive step in resolving a saga that began with Trump’s initial attempt to ban TikTok in 2020.