Oracle (ORCL) and Walmart (WMT) have agreed to purchase a combined 60% stake in TikTok’s U.S. operations, ensuring the platform remains available to American users. The arrangement, confirmed by a White House official, establishes a new U.S.-headquartered company called TikTok Global, which will be responsible for all stateside operations.

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President of the United States Donald Trump has approved the deal, which he stated will create 25,000 new jobs and lead to a $5 billion educational fund. According to data from the IndexBox platform, the U.S. social media market, valued at over $50 billion, is a significant sector where this newly structured entity will compete. The agreement is designed to address longstanding national security concerns by placing TikTok’s U.S. data governance and content moderation under American control, with Oracle providing cloud infrastructure.

Source: IndexBox Market Intelligence Platform