Business & Economics
TikTok USDS Joint Venture Closes, Majority-U.S. Ownership Ends Ban Threat
On 22-23 Jan 2026 Washington and Beijing simultaneously approved and closed a deal that split TikTok’s U.S. business into a new company—TikTok USDS Joint Venture LLC—allowing the app to keep operating past the 23 Jan legal deadline.
Focusing Facts
- Ownership: Oracle, Silver Lake, and MGX lead an 80.1 % American-controlled stake; ByteDance is capped at 19.9 %.
- Trump’s fifth and final 120-day executive extension expired 23 Jan 2026, after which the 2024 Protecting Americans from Foreign Adversary Controlled Applications Act would have forced a shutdown.
- Adam Presser installed as CEO; the recommendation algorithm is now licensed to Oracle and will be retrained exclusively on U.S. data inside Oracle’s cloud.
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Perspectives in this article
- Pro-Trump conservative business media
- Tech industry commentary sites
- Asia-Pacific press examining US-China relations