US EditionTikTok finalizes deal to form new American version of the app
ByteDance ceded majority ownership in TikTok USDS Joint Venture LLC to US-led investors owning 80.1%, securing data control and averting a US ban under 2024 law.
- 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.
461 Articles
461 Articles
Trump cheers as TikTok sale is finalized
ByteDance, the parent company of TikTok, announced Thursday that a sale to U.S. investors has been finalized. This is the final step in a six-year legal battle between the U.S. government and the social media app, which was briefly banned in January 2025. Concerns over potential user data collection and influence operations by the People’s Republic of China, where TikTok originated, led to a national security law signed by former President Joe B…
TikTok has finalized a deal to create a new US entity, averting the looming threat of a US ban that has been under discussion for years on the platform now used by more than 200 million Americans. The company signed deals with major investors, including Oracle, Silver Lake and UAE investment firm MGX, to form the new TikTok US joint venture. The new version will operate under “defined safeguards that protect national security through comprehensi…
China's TikTok Completes Deal to Maintain U.S. Operations Through Joint Venture Structure
China's TikTok announced Thursday that it has finalized an agreement to spin off its American operations into a new joint venture, ending years of uncertainty over the platform's future in the United States. The post China’s TikTok Completes Deal to Maintain U.S. Operations Through Joint Venture Structure appeared first on Breitbart.
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