TikTok has agreed to sell its US division to a company controlled by American investors. Bloomberg reported this development based on an internal letter sent by the company's CEO, Shou Zi Chew.
The agreement finalizes the process of transferring control of TikTok from ByteDance to US-based owners. This move is aimed at reducing potential threats to US national security.
According to the CEO of the social media platform, the agreement has been signed with Oracle Corp., Silver Lake, and the MGX investment fund. The transaction is planned to be completed by January 22, 2026.
Once the deal is finalized, a new joint venture, established under the TikTok US Data Security (USDS) framework, will operate as an independent company. The new entity will be responsible for safeguarding US user data, ensuring algorithm security, and content moderation.
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