In September 2025, the U.S. government assigned TikTok’s U.S. business a valuation of $14 billion—a figure far below earlier market projections. This assessment is rooted in a buyout scheme aggressively promoted by the Trump administration, which envisions a consortium consisting of Oracle, Silver Lake Capital, and the UAE-based MGX taking the helm. In this setup, each member of the consortium could acquire up to a 15% stake and gain representation on TikTok’s U.S. board of directors. As part of the deal, ByteDance’s ownership interest in TikTok’s U.S. operations would be reduced to less than 20%, a move designed to satisfy U.S. legal mandates. While Trump has asserted that Chinese authorities have signed off on the arrangement, Beijing has so far refrained from issuing any official confirmation. Some investors view the $14 billion price tag as a steal for prospective buyers, though ByteDance and its current backers may contend that it undervalues the platform’s true worth.