TikTok signs deal to sell U.S. assets to American consortium

TikTok signed agreements to sell its U.S. assets to a new entity, TikTok USDS Joint Venture LLC, to comply with federal divestiture mandates. Oracle, a U.S. technology firm, Silver Lake, a U.S. private equity firm, and MGX, an Abu Dhabi-based investment firm, jointly took a 50% ownership stake, while ByteDance retained 19.9%. CEO Shou Chew informed staff in a memo that the transaction was targeted to close by January 22, 2026, and included a license for the source code of the platform's recommendation algorithm.