The TikTok US sale is finally happening
The Verge••business
Key Points:
- ByteDance and TikTok have signed binding agreements with Oracle, Silver Lake, and MGX to form a new U.S. joint venture, TikTok USDS Joint Venture LLC, which will be majority-owned by American investors and governed by a seven-member majority-American board.
- The joint venture structure complies with the U.S. Executive Order signed on September 25, 2025, ensuring that American data protection, national security, and user privacy are prioritized.
- The ownership split includes 50% held by new investors (Oracle, Silver Lake, MGX), 30.1% by existing ByteDance investors, and 19.9% retained by ByteDance, allowing over 170 million Americans to continue using TikTok with enhanced security
