"According to , TikTok CEO Shou Chew told employees that TikTok and ByteDance had signed off the agreement for control of TikTok's US business. It sounds like terms of the deal are roughly the same as what Trump announced earlier this year. A group of US investors, including Oracle, Silver Lake and MGX will control a majority of the new entity while ByteDance will keep a smaller stake in the venture."
"According to Chew's memo, the deal is expected to close January 22, 2026. "Upon the closing, the US joint venture, built on the foundation of the current TikTok US Data Security (USDS) organization, will operate as an independent entity with authority over US data protection, algorithm security, content moderation and software assurance," he wrote according to Bloomberg. TikTok didn't immediately respond to a request for comment."
TikTok and ByteDance signed an agreement to place control of TikTok's US business into a new joint venture. Terms of the agreement largely match previously announced provisions. A group of U.S. investors, including Oracle, Silver Lake and MGX, will hold a majority stake while ByteDance retains a smaller ownership interest. The transaction is expected to close January 22, 2026. Upon closing the U.S. joint venture will operate as an independent entity with authority over U.S. data protection, algorithm security, content moderation and software assurance. Chinese official approval remains unclear, though Chinese authorities indicated willingness to work with the U.S. on related issues.
Read at Engadget
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