Pins matching tag:ByteDance

Executive Order 14352 declared a framework deal a qualified divestiture: TikTok's US app goes to a new US-majority joint venture, with Oracle as the security provider holding all US user data.

ByteDance and TikTok signed binding agreements to form TikTok USDS Joint Venture LLC, with Oracle, Silver Lake and MGX holding 15% each and ByteDance keeping 19.9%, due to close on 22 January 2026.

The US-majority TikTok USDS Joint Venture LLC was established, taking over TikTok's US data, algorithm and moderation, with US user data and the algorithm secured in Oracle's US cloud.