Business & Economics

ByteDance Cuts Deal to Spin Off TikTok US Days Before Ban Trigger

On 19 Dec 2025 ByteDance signed binding agreements to place 50 % of TikTok’s U.S. business into a new joint venture with Oracle, Silver Lake and MGX, slated to launch 22 Jan 2026—one day before President Trump’s latest enforcement deadline.

By Underlines Team

Focusing Facts

  1. Oracle, Silver Lake and Abu-Dhabi–based MGX will each own 15 %, while ByteDance keeps 19.9 % and existing investors 30.1 %.
  2. The new entity, ‘TikTok USDS Joint Venture LLC,’ will operate under a seven-member, majority-American board and retrain the app’s algorithm solely on U.S. user data.
  3. Trump has already issued four executive orders delaying the 2023 statutory ban after the Supreme Court unanimously upheld it on 17 Jan 2025.

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