ByteDance has entered into binding agreements to transfer control of TikTok’s U.S. operations to a group of mostly American investors, which will be called “TikTok USDS Joint Venture LLC.”
The announcement was made by CEO Shou Chew, who told employees in a memo Thursday: “We have signed agreements with investors regarding a new TikTok U.S. joint venture, enabling over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community.”
According to Chew, under the agreement, a new joint venture will manage the US TikTok app, of which 50% owned by a consortium of investors including Oracle, Silver Lake, and MGX. About 30% will be owned by “affiliates of certain existing investors in ByteDance,” while ByteDance will keep 19.9%.
While the transaction is still pending, it supports TikTok’s goal of securing its long-term future in the US. This move addresses years of uncertainty after last year’s law required the US version of the app to be separated from ByteDance or risk a ban.
TikTok is used regularly by more than 170 million Americans.
The parties are aiming to reach a final agreement by January 22, 2026.
By CEO NA Editorial Staff
