TikTok has signed a historic deal to turn its US operations into a new joint venture. This means that the company won’t have to worry about a possible nationwide ban just before President Trump’s deadline. American investors now own 80.1% of the company, while ByteDance still owns 19.9%. This puts to rest long-standing national security concerns about Chinese ownership.
The US Data Security organization of TikTok is the basis for the joint venture, which includes important companies like Oracle, Silver Lake, and MGX. The US operations are worth about $14 billion. It gives American authorities control over US user data, algorithms, content moderation, and apps like CapCut and Lemon8. On Truth Social, President Trump called it a victory for “Great American Patriots and Investors.”
The deal comes from a US law from 2024 that said ByteDance had to sell its business or face a ban by January 2025. Trump’s executive order in September 2025 put the deal on hold for 120 days. After years of fighting since 2020, both the US and Chinese governments agreed to the deal. The venture then announced its leadership, which included CEO Adam Presser. This makes sure that more than 200 million US users and 7.5 million businesses can keep going without any problems.
