By Associated Press
Publication Date: 2025-12-18 22:51:00
TikTok has signed a deal to create a new US entity in which three American investors – Oracle, Silver Lake and MGX – will have a majority stake. This ensures the popular…
SAN FRANCISCO (AP) — TikTok has signed deals with three major investors — Oracle, Silver Lake and MGX — to form a new TikTok U.S. joint venture to ensure the popular social video platform can continue to operate in the United States.
The deal is expected to close on Jan. 22, according to an internal memo seen by The Associated Press. In the statement, CEO Shou Zi Chew confirmed to employees that ByteDance and TikTok signed the binding agreements with the consortium.
“I would like to take this opportunity to thank you for your continued commitment and tireless work. Your efforts keep us at the highest levels and will ensure that TikTok continues to grow and prosper…
