US President Donald Trump has extended the deadline on the proposed shutdown of TikTok's US operations. At the same time, US negotiators have met with Chinese counterparts in Madrid to finalize a planned sale of the social media company's local version.

TikTok’s American operations would be acquired by an investor consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a framework deal that US President Donald Trump is set to discuss with Chinese President Xi Jinping later this week.

TikTok’s U.S. ownership shifts to Oracle and investors, Microsoft pledges $30B in the UK, Charlie Kirk’s online following surges

Negotiations are becoming more serious as the Sept. 17 deadline approaches to sell the app or see it banned in the U.S.

Oracle's stock continues to rise, driven by the potential TikTok acquisition and strong AI infrastructure positioning, with a 81.31% gain in 2025.

The U.S. and China have “reached a framework” that would enable ByteDance to sell TikTok’s U.S. operations to an American buyer. A successful deal would end China’s leverage over the app in the U.S. — and Trump’s too. (Photo: Kevin Carter via Getty Images) https://t.co/TwS5CdPq7S pic.twitter.com/5xpExPCEYd — Forbes (@Forbes) September 16, 2025

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Yahoo Finance anchor Julie Hyman tracks Tuesday's top moving stocks and biggest market stories in this Market Minute. Oracle (ORCL) stock is in focus after a CBS News report stated that the company will play a significant role in the US's TikTok deal.