The sale of TikTok's U.S. operations is underway and expected to be completed early next year, around early 2026. President Donald Trump has signed an executive order approving a plan for ByteDance, TikTok's Chinese parent company, to divest its U.S. operations, with the new U.S. entity valued at about $14 billion. This deal involves a consortium including Oracle, Silver Lake, and Abu Dhabi's MGX holding about 45% ownership, with ByteDance retaining less than 20%. The transaction is still awaiting final regulatory approvals from China and completion of legal and financial details, but U.S. officials are confident the deal will close soon. The deadline for the divestiture has been extended to December 16, 2025, indicating that the finalized sale and operational transfer may happen shortly thereafter.