TikTok’s U.S. business would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz under a framework the U.S. and China are finalizing as talks shift into high gear, according to people familiar with the matter.

Little is known about the actual deal in the works, including what companies are involved and whether the United States would have a stake in TikTok.

China is pressuring Nvidia as TikTok talks advance with Xi Jinping aiming to cast Beijing as a technology supplier while Trump holds firm on tariffs

Treasury Secretary Scott Bessent said Tuesday that President Donald Trump was willing to let TikTok go dark, and it was "what turned the tide" in the deal framework with China."President Trump made it clear that he would have been willing to let Tiktok go dark,

The final terms of the deal, which is expected to close in the next 45 days, could change, but agreement on the app’s algorithm has reportedly been reached.

President Donald Trump on Tuesday announced an agreement between the U.S. and China to keep TikTok operating in the United States, with three sources familiar with the matter saying the deal was similar to one discussed earlier this year.

Oracle Corp. shares rose on news that negotiations over the future of TikTok are progressing, relieving some uncertainty around one of the software company’s key customers.TikTok has been in limbo since the US decided to ban the app unless its Chinese owner divested it.