
It's not as far-fetched as it sounds. With President Donald Trump's latest executive order extending TikTok's U.S. ban deadline to December 16, and a framework deal now in place between American and Chinese officials, the idea of TikTok going public in the U.S.—under American ownership—emerges as a compelling possibility.
The current deal, hammered out in Madrid this week, calls for TikTok's U.S. operations to shift to "U.S.-controlled ownership." While no buyer has been officially named, Oracle Corp. (ORCL), Silver Lake, and Andreessen Horowitz are reportedly part of the investor consortium that would take control of roughly 80% of TikTok's U.S. business. Trump himself hinted at the deal on Truth Social, saying "young people… will be very happy," and Treasury Secretary Scott Bessent confirmed the commercial terms are already agreed upon.