President Donald Trump is preparing to approve an agreement this week that will transfer control of TikTok’s U.S. algorithm to a consortium of American investors, a senior White House official confirmed to the Daily Caller News Foundation. The Trump administration has extended the divestment deadline multiple times, including earlier this month. This version will be fully inspected and retrained by Oracle using American user data, which will be stored on Oracle’s servers in the United States. President Trump stated on Sunday that Fox Corp. founder Rupert Murdoch and his son Lachlan are expected to participate in the venture. To finalize the arrangement, the president is scheduled to sign an executive order later this week declaring that the agreement satisfies U.S. national security requirements.