ByteDance Agrees to U.S. TikTok Venture with Oracle, MGX and Silver Lake

TikTok said that its Chinese owner, ByteDance, reached a deal with a group of non‑Chinese investors to create a new U.S. TikTok, ending a six‑year legal saga that included a congressional ban and high‑stakes U.S.–China politicking. Investors including Oracle, the Emirati firm MGX and Silver Lake will together own more than 80 percent of the new venture, TikTok said, while ByteDance will own just under 20 percent.

Adam Presser, TikTok’s former head of operations, will serve as chief executive of the U.S. company. TikTok’s chief executive, Shou Chew, called the move “great news” in an internal memo, and the new entity will have an American‑majority board for U.S. operations and will moderate content in the app’s feed.

The agreement was driven by a 2024 federal law, upheld by the Supreme Court, that would have banned the app unless it separated from ByteDance by early 2025. The law’s deadline prompted the app to go dark for 14 hours; the enforcement timeline was delayed several times after President Trump took office again, and Mr.

Trump later signed an executive order that gave formal approval to the arrangement, the Times reported. It remains unclear how much the deal will change the user experience or resolve national security concerns. ByteDance will keep TikTok’s algorithm and license it to the new U.S.

Key Topics

Tech, Tiktok, Bytedance, Oracle, Mgx, Silver Lake