The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX.
The deal will be finalized this week
The deal avoids the threat of the popular app being banned in the U.S. over national security concerns.
TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.
TikTok annuncia di aver finalizzato l'accordo per la cessione delle sue attività negli Stati Uniti a investitori non cinesi, aprendo di fatto un nuovo capitolo per la popolare app…
Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s 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
La plataforma y su matriz ByteDance constituyen la filial, con propiedad mayoritaria de inversores estadounidenses, y ponen fin a años de problemas legales
The app was due to be banned in the US a year ago if its Chinese owner hadn't sold its business in America.
La piattaforma social firma un accordo con Oracle, Silver Lake e MGX per costituire la joint venture TikTok U.S., garantendo protezione dei dati e sicurezza de…
TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now…
Firmato l’accordo: nella joint-venture anche Oracle e Dell, con ByteDance che si tiene quasi il 20% del capitale. L’algoritmo sarà “riaddestrato” ma per gli ut…
While TikTok's future in the US has been secured, questions remain about exactly what changes US users will see.
TikTok and other China-linked apps dominated U.S. app downloads in 2025, defying mounting political pressure, trade restrictions and national security scrutiny.
It comes after TikTok faced years of intense scrutiny in the US due to concerns about user data privacy.
Users reported their struggles using social app TikTok days after the company was set up as a majority American-owned joint venture to avoid a US ban.