Sept 16 (Reuters) - TikTok's U.S. operations would be

controlled by an investor consortium including Oracle,

Silver Lake and Andreessen Horowitz, under a framework the U.S.

and China are finalizing, the Wall Street Journal reported on

Tuesday, citing people familiar with the matter.

A new company will be created to operate TikTok, with U.S.

investors holding a roughly 80% stake and Chinese shareholders

owning the rest, the report said. The company would also have an

American-dominated board, with one member designated by the U.S.

government.

Current users of the app will be asked to shift to a new

app, which TikTok has built and is testing, the Post reported.

Reuters had reported in July that TikTok was preparing to

launch a standalone app for U.S. users, which was expected to

operate on a separate algorithm and data system from its global

app.

Oracle would handle user data at its facilities in Texas,

WSJ said, adding that while the U.S. and China are still working

on the details of the potential deal, the terms may change.

TikTok, Oracle, Silver Lake and Andreessen Horowitz - also

known as a16z - did not immediately respond to Reuters requests

for comments.

U.S. President Donald Trump on Tuesday signed an executive

order delaying the enforcement of a 2024 law requiring the

divestiture of Chinese ownership of TikTok until December 16.

Earlier in the day, he also announced an agreement between

the U.S. and China to keep TikTok operating in the United

States.