The TikTok deal has taken a significant turn, with a White House official revealing that the joint venture between Oracle (ORCL) and other investors will involve moving US operations to a new entity. This development comes as President Trump is set to sign an executive order later this week, which will extend an enforcement pause and pave the way for regulatory hurdles to be overcome.

According to the White House official, Oracle’s security oversight terms will take effect upon closing of the TikTok deal. The full list of investors is not yet finalized, but Oracle and Silver Lake are among those participating in the joint venture. The US government remains confident that regulatory hurdles will be overcome, with no plans for further talks with the Chinese delegation.

This latest development marks a significant shift in the TikTok saga, which has been marked by controversy and political tensions between the US and China. The move to establish a new joint venture entity suggests that the US government is taking a more active role in overseeing the platform’s operations, ensuring that it complies with US security standards and regulations.

The deal, which was initially announced in September 2020, has been met with opposition from some quarters, with concerns raised about data privacy and security. The White House official’s comments provide further insight into the government’s approach to addressing these concerns, highlighting the importance of ensuring that US operations are conducted under strict security oversight.

The TikTok deal has sparked a broader debate about the role of technology companies in society, with many calling for greater transparency and accountability in the way they collect and use data. The move to establish a new joint venture entity could be seen as a positive step towards addressing these concerns, providing a framework for ensuring that TikTok operates in a responsible and secure manner.

The TikTok deal has taken a significant turn with the announcement of a new joint venture entity involving Oracle and other investors. The move to establish this entity represents a major shift in the US government’s approach to overseeing the platform’s operations, highlighting its commitment to ensuring that TikTok complies with US security standards and regulations. As the deal continues to unfold, it is clear that there are significant challenges ahead, but the White House official’s comments provide a positive indication of the government’s intentions to address these concerns through a robust regulatory framework.