TikTok forms majority American-owned venture with Oracle, Silver Lake, and MGX

In a major resolution to years of intense regulatory scrutiny and national security debates, TikTok has finalized a transformative agreement to establish a new U.S.-based joint venture. The deal transfers significant control of its American operations to non-Chinese investors, averting a potential nationwide ban on the wildly popular short-video app used by over 170 million Americans.
Announced on January 22, 2026, the arrangement creates the TikTok USDS Joint Venture LLC (U.S. Data Security Jo