Oracle, Andreessen Horowitz, and other corporations will have a controlling share in the TikTok acquisition, according to a report

The Wall Street Journal said Tuesday that a group of investors led by Marc Andreessen’s venture capital firm, Larry Ellison’s Oracle, and the private equity firm Silver Lake will take a controlling stake in TikTok’s new U.S. business. Meanwhile, President Donald Trump said a deal has been reached to keep the China-based app available nationwide.According to the Wall Street Journal, which cited sources familiar with the situation, U.S. investors, including Oracle, Silver Lake, and Andreessen Horowitz, will own an estimated 80% of a new U.S. firm that will run TikTok, with Chinese shareholders holding the remaining shares.

Oracle will control customer data at its Texas plant under the new firm, whose board will be formed mostly of Americans and one person nominated by the U.S. government, according to the Journal.

The controlling group would also include Susquehanna International, KKR, General Atlantic, and other current investors in ByteDance, the parent firm of TikTok.

The 80-year-old Ellison, who is vying with Elon Musk for the title of richest person in the world, is experiencing a career comeback as Oracle has announced huge profits this year and has supported his son’s ascent to prominence as a Hollywood tycoon.