Overview
- TikTok USDS Joint Venture LLC was legally constituted this week, securing the app’s continued availability for more than 200 million U.S. users and 7.5 million businesses.
- Non‑Chinese investors will control roughly 80% of the new entity while ByteDance retains 19.9%, with Oracle, Silver Lake and MGX each holding 15% and additional stakes held by affiliates of existing investors.
- Adam Presser was named CEO and Will Farrell chief security officer, and the board includes TikTok’s Shou Zi Chew along with investor representatives such as Oracle’s Kenneth Glueck and Silver Lake’s Egon Durban.
- Safeguards place U.S. user data on Oracle infrastructure, the recommendation system will initially be licensed from ByteDance then retrained on U.S. data, and content moderation for U.S. users will be handled by the joint venture.
- A White House official said U.S. and Chinese authorities approved the deal, and President Donald Trump publicly hailed the agreement as preserving TikTok’s U.S. presence while some global functions remain with ByteDance.