Lily Jamali

operations of TikTok will be majority owned by American investors.

These will include

Oracle, the cloud computing giant that happens to be chaired by Larry Ellison, who is a close ally of U.S.

President Donald Trump's.

MGX, the Emirati Investment Fund, is also going to own a stake here.

So that's of note.

The Chinese owner of TikTok will also hold on to about 20 percent of the operation.

This memo also talks about protecting Americans' data and U.S.

national security, which is why we got to where we are.

Recall that last year, Congress passed a law that required TikTok to either be sold to American investors or be banned.

And so what we're seeing here today is confirmation that that sale is in the works.

It will be consummated by January 22nd, we're told.

So what does this mean for TikTok users in the US?

Well, there are 170 million American TikTok users here.

This means that this long period of uncertainty for more than a year now really is over.

Last year, it looked for a time like TikTok might go permanently dark in the US.

Then Donald Trump took office, said he was going to save it.

But still, he was sort of flouting the law by continually extending this deadline by executive order.

I actually got to a TikTok user in Maryland.

Her name is Tiffany Cianci.