President Trump plans to approve a deal on Thursday that will transfer majority control of TikTok to a consortium of American investors, ensuring the app remains accessible to US users, a White House official revealed to The Post.

Oracle, co-founded by billionaire Trump supporter Larry Ellison, is set to continue as the provider handling the app’s data and security under the proposed structure reported earlier this week.

TikTok’s operations will be relocated to a joint venture headquartered in the US, where investors such as Oracle and the private-equity firm Silver Lake will collectively possess 80%, reducing Chinese parent company ByteDance’s ownership to below 20%.

Under the new agreement, China will not be able to access US user data.

The new company will have a seven-member board of directors.

ByteDance will only be allowed to nominate one member.

ByteDance will copy the algorithm it uses to recommend content to users and lease it to the new controlling US entity, according to the Wall Street Journal.

Control of the algorithm was a major sticking point during negotiations with China, the White House official previously told The Post.