US EditionTikTok signs deal to sell US unit to American investor-led venture
The new U.S. joint venture, led by Oracle, Silver Lake, and MGX, will own 50% of TikTok's U.S. operations, safeguarding data and national security for over 170 million American users.
- On January 22, TikTok and ByteDance signed binding agreements to sell TikTok's U.S. entity to a U.S. joint venture led by American investors, per an internal memo.
- Since 2020, U.S. officials pursued legal measures including a 2024 law upheld by the Supreme Court in January, and the White House and Chinese government reached a September deal in principle to sell the U.S. operations.
- The new TikTok U.S. joint venture will allocate 50% to a consortium of new investors, with Oracle, Silver Lake, and affiliates of ByteDance each holding 15%, while ByteDance retains nearly 20%.
- A completed sale would end a years-long effort to force ByteDance to sell its U.S. operation and preserve TikTok's ability to operate under U.S.-led control.
- The White House and the Chinese government hammered out the September framework guiding U.S.-led investor selection, while President Donald Trump’s administration delayed enforcement via executive orders seeking a negotiated sale.
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318 Articles
The Chinese social network has accepted the creation of an American joint venture that will operate independently of TikTok to ensure the platform's compliance with US law.
TikTok secures its US business with new investors. A deal is meant to keep the app from going out, but criticism and open questions remain.
TikTok's Chinese owner, ByteDance, has signed a binding deal with US and global investors for the bulk of its US business, TikTok chief executive Shou Zi Chew told company employees. Half of the joint ownership will belong to a group of investors including Oracle, Silver Lake and UAE investment firm MGX, according to a memo sent by the chief executive, the BBC reports. The deal, which is expected to close on January 22, comes after years of Wash…
ByteDance, the Chinese parent of the popular TikTok video platform, has agreed to sell its operations in the U.S. to a holding company led by U.S. investors in order to continue operating legally in the U.S., as several media outlets have advanced this Thursday that have had access to a memorandum from the company.
TikTok owners sell 80% interest in US app to avoid ban
TikTok's Chinese owner ByteDance signed binding agreements to form a joint venture that will hand control of operations of TikTok's US app to American and global investors, in a big step toward avoiding a US ban and ending years of uncertainty.
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