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Al Jazeera
Al Jazeera
Technology
Andy Hirschfeld

Investors rejoice over looming TikTok deal despite political concerns

TikTok Donald Trump White House Oracle United States Larry Ellison Al Jazeera ByteDance Karoline Leavitt
Oracle’s stock surges more than 5 percent on the news of the looming deal on September 22, 2025 [File: Daniel Cole/Reuters]

United States President Donald Trump is expected to sign an executive order this week approving a deal to divest TikTok’s US operations from its China-based parent company, ByteDance, in compliance with a 2024 law.

The White House announced the agreement on Monday. A senior official said the US believes China has approved the deal and no further talks with Beijing are planned although additional paperwork is still required from both sides.

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