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TikTok finalizes deal to form new American version of the app
The joint venture, led by Oracle and backed by major investors, will control TikTok’s U.S. operations, safeguarding data and content for over 200 million American users.
- U.S. and Chinese officials approved selling TikTok's U.S. business to a consortium led by Oracle and Silver Lake, with ByteDance retaining a 19.9% stake, ahead of the January 22, 2026 deadline.
- Legislation and national security concerns forced ByteDance to divest its U.S. business after Congress passed a 2024 law framed to protect national security and prevent foreign influence.
- The newly formed TikTok USDS Joint Venture LLC will oversee U.S. data protection, with Oracle managing user data domestically and Adam Presser leading as CEO under a majority-American board.
- Most U.S. users will see no immediate disruption as roughly 170 million Americans keep their accounts and content, with TikTok expected to function largely the same initially.
- Critics warn that ByteDance, retaining a minority stake and commercial ties, plus a revenue-sharing deal sending about half of TikTok USDS earnings back, leaves risks intact.
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TikTok managed to clear one of the biggest risks for his future in the United States. The short video platform announced on Thursday that his matrix, ByteDance, reached an agreement to create a new subsidiary that will concentrate the social network business in that country.This will allow him to continue operating normally and avoid a ban that had been about to materialize.The new company is called TikTok USDS Joint Venture LLC and was constitu…
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Coverage Details
Total News Sources410
Leaning Left54Leaning Right40Center134Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 24%
C 59%
R 17%
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