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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349 Articles
The TikTok deal between the U.S. and ByteDance creates a new company for the app, which is under American control. The changes mainly concern legal aspects, while the app remains the same for users.
TikTok's long-running US saga ends with a deal that averts a ban
The deal, first announced in December, transfers control of TikTok's US operations to a new entity majority-owned by American investors, including cloud-computing giant Oracle, private-equity firm Silver Lake Management, and Abu Dhabi-based MGX.Read Entire Article
The agreement provides for the creation of a joint venture that will protect the data of American users, applications and algorithms.
TikTok announced that he had concluded an agreement to establish a joint company predominantly owned by US companies.
Chinese-owned short-video app TikTok has signed a deal with US investors to create a joint venture. The move will allow the popular app to continue operating in the US, as the American side has the upper hand in the joint venture.
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