Trump signs order paving way for TikTok deal to avoid U.S. ban

A consortium of American investors, including Oracle, will have a stake in the new TikTok, according to the White House official. (Oracle was cofounded by Larry Ellison, whose son David Ellison is the chairman and CEO of Paramount Skydance, which is the parent company of CBS. The Ellison family owns a controlling interest in Paramount Skydance.)