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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386 Articles
TikTok secures deal to form a new American entity, avoiding a ban in U.S.
The White House deal establishing a U.S. unit, separate from its global operations, which are run out of China, ends years of uncertainty about the fate of TikTok, a popular video-sharing platform.
TikTok’s US spinoff goes live under new American ownership
TikTok’s U.S. spinoff is now official, and the new joint venture has begun operations. Control of the app’s American business has transferred from ByteDance to a U.S.-led ownership group just ahead of a Trump administration deadline. The new entity, TikTok USDS Joint Venture LLC, announced Thursday that it has been formally established. It also named its leadership team. The move completes a yearlong effort to sever TikTok’s U.S. operations from…
TikTok USDS Joint Venture LLC will protect US users' data, applications and algorithms through data privacy and cybersecurity measures, confirmed the Chinese app owner, ByteDance
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.
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