The White House’s campaign to “save” TikTok may soon be over—with President Donald Trump’s billionaire pals expected to emerge victorious. The Chinese-owned social media giant has signed a deal to sell its U.

TikTok signs deal to sell U.S. operations to American investors including Oracle and Silver Lake, ending years-long battle over ByteDance ownership.

In September, President Donald Trump signed an executive order extending the TikTok ban through Jan. 23, 2026.

TikTok, which is owned by China’s ByteDance, has inked an agreement to sell a majority of its US business to three investors. The deal, which is slated to close on January 22, 2026, brings to an end years of contentious back-and-forth between the United States and China over control of TikTok.

President Donald Trump has postponed the ban on TikTok five times this year. The clock is still ticking for TikTok. You've probably noticed certain videos posted to the popular social media site were counting down to Dec.

The president signed an executive order on Thursday that paves the way for the popular Chinese app to be owned by American investors Kent Nishimura/Bloomberg via Getty; Jaque Silva/SOPA Images/LightRocket via Getty President Donald Trump signed an ...

Since October, there has been no formal word on a deal between the Trump administration and China over the app.

Hinting at a deal which could safeguard the future of the app, Trump said specific details on the buyer will be revealed in two weeks.