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TikTok Completes Deal to Create U.S. Entity and Avert Ban

Summary by Pitchfork
Major investors Oracle, Silver Lake, and MGX signed agreements to form the new joint venture

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With the sale of company shares, Tiktok and its Chinese parent company Bytedance rescue the social media platform from the ban. Tiktok thus becomes more than 80 percent American-owned.

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Siècle Digital broke the news in on Monday, January 26, 2026.
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