TikTok has finalized a deal to sell its U.S. assets, with the majority of its American business set to be transferred to a consortium of investors including Oracle, Silver Lake, and Abu Dhabi-based MGX.
Chinese technology company ByteDance, which owns TikTok, has completed the transfer of control over the platform’s U.S. operations to American investors, the social media company said in a statement.
U.S. President Donald Trump confirmed that TikTok’s U.S. business would be sold to a consortium led by Oracle and Silver Lake and composed primarily of American investors. He announced the deal on his Truth Social platform.
Trump thanked U.S. Vice President J.D. Vance and other members of his administration for helping bring the TikTok deal to completion, and also acknowledged the role of Chinese President Xi Jinping.
TikTok said the creation of a joint venture will allow “more than 200 million Americans and 7.5 million businesses to continue to discover, create, and thrive as part of TikTok's vibrant global community and experience.”
The transaction is expected to close on January 22, 2026. Under the terms of the deal, Oracle, Silver Lake and MGX will acquire a combined 45% stake in TikTok’s U.S. subsidiary. The joint venture will be responsible for data protection in Washington, algorithm security, content moderation and software quality assurance.
ByteDance will retain a 20% stake in TikTok, while nearly one-third of the shares will be held by investors affiliated with the Chinese parent company.
Source: Vedomosti
