US and China have signed off on a deal to sell TikTok’s US business to a consortium of mostly US investors led by Oracle and Silverlake, Semafor reports

• The final deal closing is intended to meet a January 22nd deadline outlined by the Trump administration in an executive order that granted a 120-day stay on the enforcement of the federal ban. 
• It was unclear how much ByteDance received for the US business
• Chew’s December memo said the new independent entity will control data protection, content moderation and algorithm security and that the entity would be “governed by a new seven-member majority-American board of directors.”    

The finalized deal for TikTok’s U.S. operations, involving a consortium led by Oracle and Silverlake, represents a significant shift in the app's governance and operational oversight, potentially alleviating regulatory concerns. This move is critical as it meets the deadline previously set by the Trump administration, signaling a commitment to address data security issues. Watch for implications on the broader tech sector and potential ripple effects in market sentiment towards U.S.-China relations and technology investments.