TikTok agrees to deal to cede control of U.S. business to American investor group

Core Insights - TikTok has reached an agreement to transfer a significant portion of its U.S. operations to a group of American investors, concluding a prolonged conflict with the federal government [1][5] Group 1: Deal Structure - The new partnership is termed "TikTok USDS Joint Venture LLC," with major American investors including Oracle, Silverlake, and MGX, who will collectively own 45% of the U.S. operations [2] - ByteDance will retain a nearly 20% share in the new entity, which will manage the app's operations, including data protection and content moderation [2] - Oracle has been designated as the trusted security partner responsible for auditing compliance with national security terms upon completion of the transaction [2] Group 2: Timeline and Background - The deal is set to close on January 22, 2026 [3] - The arrangement reflects language from a previous executive order by President Trump, which also aimed to transfer TikTok's U.S. operations to American investors [4] - The U.S. government has consistently pushed for the separation of TikTok's U.S. business from its Chinese parent company, citing national security concerns [5]