A number of investors are competing for the opportunity to purchase the app, and if a deal were to go through, the platform's U.S. business could have its valuation soar to upward of $60 billion. As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.

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TikTok's U.S. operations have been transferred to TikTok USDS Joint Venture LLC, with ByteDance retaining less than 20% ownership and American investors controlling over 80%. The managing investor group includes Oracle, Silver Lake, and MGX (each holding 15%), with Oracle serving as the trusted security partner responsible for algorithm security and data protection. Other investors include the Dell Family Office, Susquehanna affiliate Vastmere, and Alpha Wave Partners. The deal, valued at approximately $14 billion, follows years of legal battles and government pressure stemming from national security concerns about Chinese government access to user data. Users will not need to download a new app, though the full impact on algorithmic feeds remains unclear.

Here’s what you should know about the US TikTok deal