(CNN) — A proposal to save TikTok from going dark in the United States would involve investments from a number of US-based venture capital firms, private equity funds and tech companies. Together, the investors would create a new US-based company that will operate the app domestically, sources familiar with the framework told CNN.

The framework of the agreement, which was hammered out by US and Chinese negotiators in Madrid this week, largely mirrors the deal presented to the President Donald Trump in April, before the president announced steep tariffs on China that scrambled talks with Beijing over the popular social media app.

Among the investors, which are expected to own a roughly 80% stake in TikTok, with Chinese shareholders holding the rest, are Oracle, Andreessen Horowitz and

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