The TikTok deal is done, finally

Deal Summary

The deal transferring TikTok’s US operations to a new joint venture has been finalized. This joint venture, known as TikTok USDS Joint Venture LLC, will be jointly owned by ByteDance, Silver Lake, Oracle, and MGX, with ByteDance holding only 19.9% ownership.

Key Details

• The agreement was approved by both the US and China, as per the December schedule.
• Control of TikTok’s US user data and operations has been transferred to the new joint venture.
• President Trump hailed the deal, emphasizing its importance in avoiding a potential US ban on TikTok.
• The new entity will allow TikTok to continue operating in the US under a structured, independent ownership model.

Investor Group

The managing investors include Oracle, a major tech company co-founded by Larry Ellison, a Trump ally, and Silver Lake, a prominent investment firm.

Background

The bipartisan law passed in 2024 required ByteDance to sever ties with TikTok to ensure data security and national security compliance. This deal fulfills that requirement while allowing TikTok to remain operational in the United States.

來源：https://www.theverge.com/tech/866437/tiktok-usds-bytedance-sale-oracle-mgx