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TikTok U.S. Joint Venture Deal Set to Close in January With Investors Including Oracle, Silver Lake
ByteDance and TikTok have signed "binding agreements" with three managing investors: Oracle Corporation, Silver Lake and Abu Dhabi-based MGX, to form a new TikTok U.S. joint venture named TikTok USDS Joint Venture LLC, according to a memo to TikTok staff by CEO Shou Zi Chew reviewed by Variety. The agreement forming the TikTok U.S. joint venture is set to close Jan. 22, 2026.
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