TikTok US Entity Sold to American Investor Group Amid Concerns
TikTok CEO Shou Chew informed employees of an agreement to spin off its US assets into a new entity with primarily American investors. This move, which comes after a law mandated divestiture from parent company ByteDance, aims to secure TikTok’s future in the US. The joint venture will be 50% owned by a group including Oracle and Silver Lake, with ByteDance retaining nearly 20% ownership. The deal, which includes data storage and content moderation by the new entity, is expected to close by January 22, 2026, pending approvals from both the US and Chinese governments.
John Q. Hosedrinker