An investor consortium led by Larry Ellison’s Oracle, alongside private equity firm Silver Lake and venture capital powerhouse Andreessen Horowitz, is set to control roughly 80% of TikTok’s new U.S. entity, according to the Wall Street Journal. Oracle will manage user data from Texas-based facilities, while the board will be mostly American with one seat reserved for the U.S. government.
Other ByteDance investors, including Susquehanna International, KKR, and General Atlantic, are also part of the group. The deal—publicly confirmed by Donald Trump, who announced “We’ve got a deal on TikTok” and extended a deadline for the sale to December 16—aims to resolve long-standing national security concerns surrounding the Chinese-owned platform.
Sources suggest the transaction could close within 30 to 45 days. The development comes after TikTok’s turbulent year, which included a brief U.S. shutdown in January 2025, while Larry Ellison’s fortune has surged to more than
$360 billion on the back of Oracle’s AI expansion, placing him second only to Elon Musk among the world’s wealthiest individuals.
