The US and China have reached a framework agreement that allows TikTok to continue operating in the US, with TikTok's Chinese parent company ByteDance required to divest its US operations by September 17, 2025. The buyer is widely believed to be led by Larry Ellison, executive chairman of Oracle, who is a known ally of former US President Donald Trump. Oracle has emerged as the top contender to acquire TikTok's US operations, potentially in a consortium with American investors, while ByteDance would retain a minority stake less than 20%. Other possible buyers who have shown interest include Microsoft, Amazon, a consortium led by billionaire Frank McCourt and Kevin O'Leary, and a group including Alexis Ohanian and MrBeast. The deal still requires approval from the Chinese government before completion.