US EditionTikTok finalizes deal to form new American version of the app
- 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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The agreement resolves a long dispute: TikTok establishes a joint venture in order to avoid a ban in the US. User data should now lie with a US company - led by a confidant of US President Trump.[more]]>
A joint venture will operate TikTok in the country, in which the Chinese company ByteDance, originally behind the video sharing platform, will only own 20 percent.
It is a new victory of Donald Trump, who also, in his first mandate, managed to break the ties between the Chinese Communist Party controlled by the Chinese Party, Huawei, and other States with the US. Huawei's case...
TikTok Finalizes Deal to Stay in the US
TikTok has finalized a deal to create a new American version of the app, avoiding the looming threat of a ban in the US that has been in discussion for years, the AP reports. The social video platform company signed agreements with major investors including Oracle, Silver Lake, and MGX...
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