US President Donald Trump has confirmed the takeover of TikTok’s American division by a consortium of investors led by Oracle and Silver Lake. In a post on Truth Social, Trump thanked Vice President J.D. Vance and other administration officials for their help in arranging the purchase of the asset from its Chinese owners. Notably, the president also expressed gratitude to China’s President Xi Jinping, saying, “He could have taken a different path, but he did not, and we appreciate his decision.”
The deal, first reported in December 2025, provides that the investors will acquire 45% of TikTok’s US subsidiary. The joint venture will be responsible for data protection, algorithm security, content moderation, and software quality. Trump previously told young voters, “I saved TikTok, so you now owe me big,” pointing to the app’s role in his support among younger voters in the presidential campaign.
The story dates back to April 2024, when then‑President Joe Biden ordered Chinese company ByteDance to sell TikTok or cease the social network’s operations in the United States. After returning to the White House, Trump postponed a block, creating room for negotiations. The buyout reflects Washington’s effort to bring a Chinese digital asset under US control while preserving its functionality.
