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.
Focusing Facts
- Oracle, Silver Lake and Abu-Dhabi–based MGX will each own 15 %, while ByteDance keeps 19.9 % and existing investors 30.1 %.
- 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.
- 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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