TikTok’s ongoing narrative concerning a possible ban in the United States appears to be heading towards a conclusion. The Wall Street Journal reported on Tuesday that U.S. buyers and TikTok are collaborating to finalize a framework for an agreement that would see a U.S. entity holding an 80 percent stake in the company, with Chinese shareholders retaining the rest. The prospective buyers include Oracle, Silver Lake, and Andreessen Horowitz.

Oracle, a major player in software and cloud computing, has long been associated with TikTok as a likely acquirer. Silver Lake and Andreessen Horowitz are significant names in technology investments. Importantly, these firms and their leaders are connected to the Trump administration, which has been actively engaged in the potential agreement. President Donald Trump even indicated his preference for Oracle co-founder Larry Ellison to make the purchase. Marc Andreessen, co-founder of a16z, transformed into a staunch Trump supporter after years of Democratic affiliation.

The potential agreement has been awaited for a while. Following various threats of a ban, prolonged deadlines, and stretches of quiet, this deal seems to be close to fruition. The Trump administration appears pleased with the outcome.

“A deal was also finalized on a ‘certain’ company that young people in our Country very much desired to save,” Trump posted on his social media platform Truth Social. “They will be very pleased! I will be conversing with President Xi on Friday. The relationship remains exceptionally strong!!!”