British News Agency

According to Axios, which reviewed the agreement, the buyer is a group of companies controlled by U.S. investors.

Tech giant Oracle, investment firm Silver Lake and Abu Dhabi-based MGX will be the largest owners, with a combined stake of about 45%.

Nearly a third will be owned by ByteDance’s existing investors, while just under 20% will remain with ByteDance.

Axios said the transaction will be completed on January 22.

The app was banned in the United States earlier this year amid concerns that TikTok could spread propaganda and collect sensitive information about users.

This led to a U.S.-China agreement approved by Trump in September: a large portion of TikTok’s U.S. operations will be owned by U.S. companies.

Vice President JD Vance said the deal is valued at $14 billion.