Washington DC, Sept. 23 -- The White House has announced that the deal to secure TikTok's operations in the US will be signed by President Donald Trump later this week, ensuring the popular social media platform operates under Washington's stringent oversight.

During a press briefing on Monday, White House Press Secretary Karolina Levitte revealed that TikTok will be majority-owned by American investors and managed by a board with extensive national security and cybersecurity expertise, with Oracle serving as its trusted security provider.

Levitte detailed that Oracle will independently monitor the safety and data security of all US user data, which will be stored on Oracle-operated servers in the United States, safeguarded from foreign...