TikTok’s US joint venture deal is expected to close in January with investors including Oracle and Silver Lake

TikTok is nearing the finish line on the video app’s long journey to becoming legal in the US

Byte Dance and TikTok have signed “binding agreements” with three managing investors: oracleof private equity firm Silver Lake and Abu Dhabi’s state-owned investment firm MGX, are forming a new TikTok-US joint venture called TikTok USDS Joint Venture LLC, according to a memo to TikTok employees reviewed by CEO Shou Zi Chew diversity. The agreement to establish the US joint venture TikTok is scheduled to be completed on January 22, 2026.

The TikTok US joint venture is 50% owned by a consortium of new investors, including Oracle, Silver Lake and MGX with 15% each; 30.1% is held by affiliates of certain existing investors in ByteDance; and 19.9% ​​remains with ByteDance.

The deal will see ByteDance and TikTok – after nearly a year in legal limbo – comply with the U.S. TikTok Divestment or Ban Act, which prohibits the distribution in the U.S. of any app that…