US EditionTikTok signs deal to sell US unit to American investor-led venture
- 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.
388 Articles
388 Articles
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TikTok Deal Done And It’s Somehow The Shittiest Possible Outcome, Making Everything Worse
There were rumblings about this for a while, but it looks like the Trump TikTok deal is done, and it's somehow the worst of all possible outcomes, amazingly making all of the biggest criticisms about TikTok significantly worse. Quite an accomplishment.The Chinese government has signed off on the deal, which involves offloading a large chunk…
It is scheduled to close on January 22 next year.
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