New joint venture will run operations a year and a half after Congress voted to ban the social media app unless it was sold

The deal avoids the threat of the popular app being banned in the U.S. over national security concerns.

The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX.

New joint venture will run operations a year and a half after Congress voted to ban the social media app unless it was sold

The app was due to be banned in the US a year ago if its Chinese owner hadn't sold its business in America.

TikTok and other China-linked apps dominated U.S. app downloads in 2025, defying mounting political pressure, trade restrictions and national security scrutiny.