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Trump claims to have found a buyer for TikTok, but won’t say who yet: ‘I’ll tell you in about two weeks’

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TikTok users in the US will reportedly have to move to a new app with new American owners when Trump deal takes effect

Tyler Wilde

16 September 2025

President Trump says his administration and major tech investors have reached a deal to take over TikTok’s US operations.

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(Image credit: DeFodi Images News via Getty Images)

The US and China have just about settled on a deal to keep video app TikTok alive in the US, and The Wall Street Journal reports that Oracle, Silver Lake, and Andreessen Horowitz are among the investors that will take a “roughly 80%” share of a new US company that will operate a new US version of the app.

President Trump first threatened to ban TikTok in 2020, claiming that the app’s Chinese owner presented a national security risk, and in 2024 a ban was signed into law by President Biden.
The “Protecting Americans from Foreign Adversary Controlled Applications Act” requires TikTok owner ByteDance to give up control of TikTok’s US operations or shut it down, but that hasn’t happened yet because, in his second term, Trump has repeatedly delayed enforcement of the law while seeking a sale to US companies.

Related Articles

Trump claims to have found a buyer for TikTok, but won’t say who yet: ‘I’ll tell you in about two weeks’

Trump extends TikTok sale deadline in the US yet again, leaving the whole situation feeling ‘less like a ticking clock and more like a looped ringtone… political Groundhog Day’

‘I think the United States should be given 10% of Intel’: US president Trump wants a piece of the action, says CEO Lip Bu Tan has already forked over $10 billion because he wants to ‘keep his job’

“We have a deal on TikTok,” Trump said today. “I’ve reached a deal with China. I’m going to speak to President Xi [Jinping] on Friday to confirm everything up.”

According to WSJ’s sources, Oracle, Silver Lake, and Andreessen Horowitz will be the new majority owners of TikTok in the US. Oracle is a Silicon Valley database and cloud computing company—which is already TikTok’s cloud provider—that was co-founded by conservative billionaire Larry Ellison. Silver Lake and Andreessen Horowitz are Silicon Valley investment firms run by more billionaires (who else runs Silicon Valley investment firms?), including Trump adviser Marc Andreessen.
The new company will have “an American-dominated board with one member designated by the US government,” WSJ reports, and will require users to move to a new app. The US version of TikTok will reportedly run its own content recommendation algorithm with tech licensed from ByteDance.
Those details haven’t been publicly confirmed—WSJ cites “people familiar with the matter”—with more presumably to come following Friday’s meeting.

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Tyler Wilde

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Editor-in-Chief, US

Tyler grew up in Silicon Valley during the ’80s and ’90s, playing games like Zork and Arkanoid on early PCs. He was later captivated by Myst, SimCity, Civilization, Command & Conquer, all the shooters they call “boomer shooters” now, and PS1 classic Bushido Blade (that’s right: he had Bleem!). Tyler joined PC Gamer in 2011, and today he’s focused on the site’s news coverage. His hobbies include amateur boxing and adding to his 1,200-plus hours in Rocket League.

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Trump claims to have found a buyer for TikTok, but won’t say who yet: ‘I’ll tell you in about two weeks’

Trump extends TikTok sale deadline in the US yet again, leaving the whole situation feeling ‘less like a ticking clock and more like a looped ringtone… political Groundhog Day’

‘I think the United States should be given 10% of Intel’: US president Trump wants a piece of the action, says CEO Lip Bu Tan has already forked over $10 billion because he wants to ‘keep his job’

Talks are reportedly underway for the US Gov. to take a stake in Intel, and its share price has already jumped 7% in response

Softbank announces it’s buying a $2 billion stake in Intel as the Trump administration reportedly considers a 10% slice of the bright blue chipmaking pie

White House says it’s still working on the ‘legality’ of 15% China tax for Nvidia and AMD GPU sales as it threatens similar deals with other companies

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