China's ByteDance Ltd. has completed a deal to transfer TikTok US assets to a joint venture controlled by American and international investors. This is reported in a TikTok press release.
The deal guarantees the continuation of the video platform's operations in the United States under the control of Silver Lake, Oracle and MGX, each of which received 15% of shares. At the same time, ByteDance owns 19.9% of the shares. Investors also include Susquehanna, Dragoneer and DFO.
Adam Presser, who previously led TikTok's operations in the United States for four years, has been appointed CEO of TikTok USDS Joint Venture LLC. The Board of directors includes representatives of TPG Global, Susquehanna International Group, Silver Lake, DXC Technology, Oracle and MGX (UAE).
As part of the deal, Oracle acts as a guarantor of user data security and content moderation, while ByteDance retains control of TikTok's U.S. advertising division and TikTok Shop's e-commerce division.
According to a statement from TikTok, the new American company "will retrain, test and update the content recommendation algorithm based on user data from the United States, and the algorithm will be protected in the Oracle cloud environment in the United States."
The joint venture will independently deal with data protection, content moderation, and use Oracle's infrastructure to store and secure information for American users.
In January 2025, US President Donald Trump signed a decree according to which the American company should gain control over half of TikTok's American assets. On December 19, 2025, ByteDance signed a deal to sell the American version of TikTok in the United States for $14 billion.
TikTok is a service for creating and watching short videos. The international version of TikTok is the leading video platform for short videos in China and is popular in other countries, becoming one of the fastest growing and most downloaded applications. In addition, the company is actively developing e-commerce and online shopping in collaboration with major American IT companies, including Amazon. com Inc.
ByteDance Ltd. is a Chinese Internet holding company that owns a number of popular services, including TikTok and Xigua video sharing platforms, as well as Toutiao and BaBe news aggregators. The headquarters is located in Beijing (China).
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