In a significant move, China has agreed to a U.S.-led framework deal that will transfer TikTok's U.S. operations to American control. Under the agreement, ByteDance will retain a minority stake of 19.9%, while U.S. investors, including Oracle, Silver Lake, and Andreessen Horowitz, will hold an 80% majority. A seven-member board will oversee the new entity, with six seats held by Americans and one by ByteDance. The deal also includes provisions for U.S. user data to be stored on Oracle-run infrastructure and the algorithm to be retrained under American supervision. This agreement aims to resolve national security concerns while allowing TikTok to continue operating in the U.S.