TikTok signs deal to sell US unit to American investor-led venture
TikTok's U.S. operations will be majority-owned by American investors to address national security concerns and avoid a ban affecting its 170 million U.S. users.
- On January 22, 2026, ByteDance and TikTok Inc. signed binding agreements with Oracle Corporation, Silver Lake and MGX to form TikTok USDS Joint Venture LLC, scheduled to close that day.
- Facing a U.S. law that threatened a ban, President Donald J. Trump repeatedly delayed enforcement and signed executive orders to allow ByteDance to negotiate a divestiture.
- Ownership documents show that the U.S. joint venture is 50% owned by a consortium led by Oracle, Silver Lake, and MGX, with governance and safeguards overseen by Oracle's U.S. cloud data centers.
- More than 170 million Americans will keep using TikTok, advertisers face no interruption, and TikTok USDS Joint Venture LLC controls U.S. users' data protection, content moderation and software assurance.
- Politically, Vice President JD Vance valued the new entity at $14b and noted Chinese resistance; Larry Ellison, Oracle founder, is linked to President Donald J. Trump, while it's unclear where Chinese officials stand.
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406 Articles
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It is scheduled to close on January 22 next year.
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