The upcoming commercial agreement for TikTok will bring in both new and existing investors from its Chinese parent company ByteDance, sources told CNBC’s David Faber. The deal, expected to close within 30 to 45 days, will also ensure that Oracle retains its role as the platform’s cloud provider.

Faber noted on CNBC that the overall capitalization of the new entity remains unclear, and the checks written may be relatively small. “It will not be something that is going to go public at some point,” he added.

The new details follow comments from U.S. Treasury Secretary Scott Bessent, who confirmed Monday that the U.S. and China had reached a “framework” deal for TikTok. Speaking in Madrid after a meeting with Chinese negotiators, Bessent said the looming September 17 deadline—one that could have disrupted TikTok’s operations in the U.S.—helped accelerate progress toward an agreement. He added that the deadline could be extended by 90 days to allow finalization, though he declined to disclose specific terms.

President Donald Trump also hinted at the breakthrough, writing on Truth Social: “A deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!!”

Oracle is expected to play a central role in the restructuring, providing cloud services for the new U.S.-based TikTok entity, which could be valued at up to $50 billion. This would cement Oracle’s place at the center of one of the most closely watched tech deals in years.

Oracle co-founder and Chairman Larry Ellison has long supported TikTok, with the company serving as the platform’s trusted technology partner for U.S. operations since 2020. Reports also suggest that his son, David Ellison—head of Skydance Media—may join as an investor. His rising presence in media and technology makes him a likely participant, keeping the Ellison family tied to TikTok while avoiding conflicts with Oracle’s cloud role.