TikTok Finalizes Agreement to Establish US Partnership With Oracle and Silver Lake

TikTok Reaches Agreement to Transfer US Operations

Bloomberg

According to Bloomberg, TikTok and its parent company ByteDance have formally set up a new venture aimed at shifting parts of TikTok’s US operations to American and international investors. This move is designed to secure TikTok’s continued presence in the United States and prevent a potential nationwide ban.

The arrangement, first revealed by the Trump administration in September, involves spinning off certain segments of TikTok into a newly established US-based company. The new entity will be overseen by three main investors: Oracle Corporation, Silver Lake Management LLC, and MGX, an investment firm from Abu Dhabi.

This sale marks the end of a lengthy political and regulatory dispute that has threatened TikTok’s US operations for years. In 2024, US lawmakers passed a bill that would have banned the app unless ByteDance divested its US business, citing fears that the Chinese government might misuse American user data or influence content. TikTok has consistently denied any such activities have taken place.

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