In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees on Thursday that the company has signed a binding agreement to sell its US operations to a consortium of American investors.
The deal, which has received the backing of US President Donald Trump, effectively averts a looming nationwide ban and secures the platform’s future for its 170 million American users.
The new entity, a TikTok US joint venture, is set to close on January 22, 2026.
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The deal restructures TikTok’s ownership to comply with US national security rules on data privacy and foreign influence.
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Is the proposed TikTok sale to US and global investors a done deal?
Is the proposed TikTok sale to US and global investors a done deal?
Multiple US media outlets reported on the deal, citing an internal memo. Under the new arrangement, a consortium of American and allied investors, including Oracle, Silver Lake, and Abu Dhabi-based MGX, will hold 50 per cent of the US entity, with each owning 15 per cent. Affiliates of existing ByteDance investors will hold 30.1 per cent, while ByteDance, the original parent company, will retain 19.9 per cent.
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