TikTok Finalizes Sale of U.S. Operations to Oracle, Silver Lake, and MGX
TikTok has completed a deal to transfer its U.S. operations to a joint venture led by Oracle, Silver Lake, and MGX, addressing national security concerns and ensuring continued service in the U.S.
TikTok has finalized an agreement to transfer its U.S. operations to a new joint venture, TikTok USDS Joint Venture LLC, involving Oracle, Silver Lake, and Abu Dhabi-based MGX. Each of these investors will hold a 15% stake, collectively owning 45% of the venture. ByteDance, TikTok's parent company, will retain a 19.9% stake, while the remaining 35.1% will be held by existing ByteDance investors.
The joint venture will be governed by a seven-member board, with a majority of American directors. The deal includes provisions for U.S. data protection oversight and content moderation, with Oracle managing U.S. user data storage.
This agreement addresses U.S. national security concerns and ensures TikTok's continued operation in the country. The transaction is expected to close on January 22, 2026.
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