As U.S. TikTok Ban Nears, Here’s What We Know About a Deal

With just days to go until President Donald Trump’s ban on TikTok in the U.S. comes into effect, the race is on for the video-sharing app’s Chinese owner, ByteDance Ltd., to win approval for its plan to avoid a shutdown.

Technology giant Oracle Corp. has emerged as the Beijing-based company’s chosen partner for a deal, beating out Microsoft Corp. But instead of an outright sale as ordered by Trump, the deal on the table affords Oracle only a minority stake in a company that will continue to be controlled by ByteDance. There’s still much to be decided before the Sept. 20 deadline. Here’s a rundown what we know so far, what’s still up in the air and what could happen next.