TikTok signs agreements to transfer U.S. operations to joint venture

TikTok has signed binding agreements to transfer its U.S. operations to a new joint venture, addressing longstanding national security concerns. The deal involves Oracle, Silver Lake, and Abu Dhabi-based MGX, which will collectively hold a 45% stake in the new entity. Affiliates of existing ByteDance investors will own approximately one-third of the joint venture, while ByteDance will retain just under 20%.

The transaction is expected to close on January 22, 2026. This move comes amid ongoing scrutiny of TikTok"s operations in the United States, as concerns over data security and user privacy have persisted for years.

For related coverage, see recent developments regarding national security legislation.