TikTok agrees To Deal To Cede Control Of US Business To American Investor Group
TikTok US cedes control to American investors, ensuring compliance and national security safeguards.
Matilda
TikTok agrees To Deal To Cede Control Of US Business To American Investor Group
TikTok US Deal Reaches Landmark Agreement TikTok has officially agreed to transfer a significant portion of its U.S. operations to a group of American investors, ending a years-long standoff with the federal government. The deal comes after persistent pressure over national security concerns tied to TikTok’s Chinese parent company, ByteDance. Credit: Artur Widak/NurPhoto / Getty Images Under the agreement, a newly formed joint venture, named TikTok USDS Joint Venture LLC , will oversee the platform’s U.S. operations. ByteDance will retain a minority stake of nearly 20%, while American investors collectively acquire 45% control. The move signals a major shift in the company’s global strategy and sets the stage for greater U.S. oversight of the app. Major American Investors Step In The investor group behind the new U.S. entity includes tech giants and finance leaders: Oracle, Silverlake, and Abu Dhabi-based MGX, an AI-focused investment firm. Oracle will serve as the trusted security partner,…
