TikTok and its Chinese parent company, ByteDance Ltd., have finalized an agreement to transfer 50% of its US operations to American investors, ensuring the app’s continued presence in the US and preventing a nationwide ban.
The three managing investors are Oracle Corp., the private equity firm Silver Lake Management LLC, and Abu Dhabi-based investment firm MGX. ByteDance Ltd. and its affiliates still hold a 50% stake in the company.
According to a release by the company, “TikTok USDS Joint Venture LLC has been established in compliance with the Executive Order signed by President Trump on September 25, 2025, now enabling more than 200 million Americans and 7.5 million businesses to continue to discover, create, and thrive as part of TikTok’s vibrant global community and experience. The majority American owned Joint Venture will operate under defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation, and software assurances for U.S. users.”
TikTok CEO Shou Chew, who will remain responsible for ByteDance’s most valuable global asset, has been appointed to the board. Meanwhile, Adam Presser, previously TikTok’s head of operations, trust, and safety, will take on the role of CEO for the American division.
President Trump took to Truth Social late Thursday night, stating: “I am so happy to have helped in saving TikTok! It will now be owned by a group of Great American Patriots and Investors, the Biggest in the World, and will be an important Voice. Along with other factors, it was responsible for my doing so well with the Youth Vote in the 2024 Presidential Election. I only hope that long into the future I will be remembered by those who use and love TikTok. Thank you to Vice President JD Vance, and all of the others within my Administration, who helped bring this Deal to a very dramatic, final, and beautiful conclusion. I would also like to thank President Xi, of China, for working with us and, ultimately, approving the Deal. He could have gone the other way, but didn’t, and is appreciated for his decision. PRESIDENT DONALD J. TRUMP”
Oracle, a longstanding TikTok cloud computing partner, will act as a security guard to ensure TikTok complies with the law.
The valuation of the venture is not yet clear, but US Vice President JD Vance mentioned it is approximately $14 billion.
By CEO NA Editorial Staff
